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Annex 6:

6PR: Global Trends in Foreign Direct Investment and Regional Integration: Inflows, Impacts and Public Policies in Central and Eastern European Countries, Especially in Slovakia and the Visegrad Four

 

1. Project description

 

Project number

6PR

Project title

Global trends in foreign direct investment and regional integration: Inflows, impacts and public policies in Central and Eastern European countries, especially in Slovakia and the Visegrad four

Responsible institution

Comenius University, Faculty of Management, Slovak Republic

Dusan Soltes

NASPAA partner

University of Pittsburgh, Graduate School of Public and International Affairs, Clyde Mitchell-Weaver

NISPAcee partner

Warsaw University, Faculty of Economics, Chair of Banking and Finances, Poland, Jozef Olen

Budget: planned

$12,000 USD

Budget: resources really used

 

Project period:

1.11.2001 – 29.9.2004

 

2.  Project purposes and goals

 

The main goal was creation of the policy paper on the topic “Global Trends in Foreign Direct Investment and Regional Integration: Inflows, Impacts and Public Policies in Central and Eastern European Countries, Especially in Slovakia and the Visegrad Four”.

To prepare this output, the project period was scheduled as follows:

 

A.      A pre-project phase;

B.      The first phase devoted to data collection, research and analysis of FDI trends in the CEEC and V4/Slovakia over the last decade, and in-depth Slovak case studies;

C.      The second phase for research of FDI inflows, impacts and policies in the EU and NAFTA peripheries;

D.      The final third phase to produce a comparative analyses of EU/NAFTA and CEEC/V4/Slovakia regional trends over the ten-year study period, finish the Slovak case studies, and prepare the final policy research report and recommendations including legislative proposals, a regional users guide and the presentation of regional leaders meetings.

 

To support the processes of creating the report and disseminating its main ideas, eight regional seminars for governmental and regional officers were expected to be organized in Slovakia and potentially one in Poland. Excepts of the concrete Slovak case studies and the Guide for Regional Governments were expected to be developed and translated in the Slovak language

 

3. Project realization

 

            Not everything went smoothly in this project, and its final evaluation was noted by the project committee as partially fulfilled.

            One of the main problems was limited cooperation and communication between the project partners (personnel problems). The outcome of this limited cooperation is the fact that the Final Applied Policy-Research and Management Study was finalized by the project leader only after being delayed for almost two years.

            Several expected outputs of the project are missing. The concrete Slovak case studies were not submitted, the Guide for Regional Governments was not submitted and translated in the Slovak language and only four regional seminars and workshops for governmental and regional officers in Slovakia were implemented (where eight were expected).

 

4. Project outputs, outcomes and impacts

           

The main tangible project output is the Final Applied Policy-Research and Management Study in the form of the Final Research Report. According to the approved layout, the Final Research Report consists of introductory parts and the main text divided into six chapters further followed by Final Remarks and Annexes.

 

i) Chapter One is devoted to explanation of “Some basic definitions and methodological concepts related to foreign direct investment (FDI)”.

ii) Chapter Two deals with “Global and regional trends in FDI”. 

iii) Chapter Three is devoted to the “Place of the CEEC—Central and Eastern European Countries in general and the Visegrad Four in particular in the context of the global and regional trends in FDI”.

iv) Chapter Four deals with “Comparison of the V4 countries’ best practices regarding their ability to adjust themselves to the global and regional trends in FDI flows”.     

v) Chapter Five, entitled “Slovakia, a traditional laggard in attracting foreign capital but unfortunately not only in the FDI inflows” as being marked by some sources, is devoted to a deep analysis and assessment of various aspects that have caused that even in its short history have caused the country to lag far behind its closest historical but also regional partners within the V4.

vi)  Chapter Six deals with the crucial question of the whole project: “What has to be done in order to improve the situation with FDI inflows into the Slovak Republic as well as in the V4 in view of their future membership in the EU?” 

 

            The other output was the organization of four regional seminars where governmental officials participated.

            As the outcome, the final results of this research serve as a resource for the preparation and introduction of new courses on various aspects of FDI for the graduate program in European Integration, as well as other specializations and educational activities such as an European Integration specialization for the Executive MBA program and various other outreach programs at Comenius University in Bratislava. Selected themes from the project’s output will also be used in other courses delivered at the Faculty of Management, as well as for the all-university course “Selected Problems of the Current Enlargement of the EU“ given by Prof. Dusan Soltes for students from all Schools of Comenius University.

The important aspect of the project is its contribution to building linkages between the Faculty of Management, Comenius University and the Graduate School of Public and International Affairs, University of Pittsburgh, and between the faculty and government.