GLOBAL  CONSEQUENCES  OF  THE  EUROPEAN  UNION ENLARGEMENT  AND  CONVERGENCE  POSITION OF  THE  SLOVAK  ECONOMY Cover Image

Globálne súvislosti rozšírenia Európskej únie a konvergenčná pozícia slovenskej ekonomiky
GLOBAL CONSEQUENCES OF THE EUROPEAN UNION ENLARGEMENT AND CONVERGENCE POSITION OF THE SLOVAK ECONOMY

Author(s): Milan Šikula
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV

Summary/Abstract: The objective of the presented article is to contribute to a more real approach to un-derstanding the impact of the external environment’s development on the conditions and consequences of Slovakia’s accession into the EU. In this context, the article concen-trates an analytical attention to the following areas of problems: • a cardinal impact of globalisation processes and qualitative mega-competition on the EU and consequent high requirements on its global adaptation; • present and prepared reforms of the mechanisms of the EU functioning; • a convergence position of Slovakia among the candidate countries. It has been characteristic for whole pre-globalisation development of internationalisa-tion of the economic life that external – or international economic relations – as well as the system of the world economy, have kept the character of derivation, derived from the determining characteristics of national economies. Globalisation represents a radical turnover in which the process of internationalisa-tion is terminated, as its volume exceeds the critical threshold, in which the cumulating quantity of internationalisation of the state economic structures passes into a new quality – into the forming of a world-wide structure. Its formation means that the primary and determining character and the importance of economic relations and processes is moving from the inside of state entities to the global economic relations and processes, in which the key role is played by the transnational „players“ – TNCs (transnational corporations). Globalisation is thus dictating the logic of the evolution not only to the state economies, but also major regional integration alignments, like the EU, have to adapt themselves to a strong pressure of the globalisation trends. While entering the EU, it has to be taken into consideration, that the EU is also a part of the globalising world economy, where it is confronted with an extremely challenging mega-competition, most of all with the USA and Japan. The position of the EU in the competition of three centres of the world economy has and will have radical impact on the future development of the integration process, its priorities and conditions. Because of this reason, it is relevant also in the context of the interests of the candidate countries. Data about the development in the economies of the USA, the EU and Japan documents a long-term downward trend in the annual averages of real GDP growth in the decades from 1950 – 2000. Concurrently, it reveals remarkable differences in a decreasing rate of the performance of mentioned economies...

  • Issue Year: 51/2003
  • Issue No: 06
  • Page Range: 641-663
  • Page Count: 23
  • Language: Slovak