SLOVENIAN  EXPORT  AND  THE  TOOLS  SUPPORTING  IT Cover Image

Slovinský export a nástroje na jeho podporu
SLOVENIAN EXPORT AND THE TOOLS SUPPORTING IT

Author(s): Ignác Rendek
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV

Summary/Abstract: Slovenia continues to achieve considerable results both in an overall economic effi-ciency, and in export performance as well. The overall economic performance (judged by the indicator of GDP per capita) reaches 73 % of the average EU level; this is the highest performance among all transitional countries. Slovenian export performance (measured by an indicator of export per capita) is more than two times higher than the Slovak level, and compared to Polish export performance Slovenian export performance exceeds the Polish one even more than six times. Even when considering that the small economy (the case of Slovenia) naturally tends to be more open towards the world, Slovenian example demonstrates the fact that export performance depends not only on the support of export directly in the foreign business sphere, yet it depends also (possi-bly by a greater extent) on the overall economic performance. Needless to say, the development and the situation of the Slovenian economy is a result of the influence of the whole number of factors. One can stress two groups of factors that in the Slovenian conditions are most important. These are responsible pol-icy of the Slovenian government and efficient enterprise sphere. The responsibility of the Slovenian government (governments) is proved above all by the fact that during many years they contributed considerably towards the stability and balanced economic growth; a question arises, however, whether or not a consider-able payment balance deficit since 1999 signals an origin of a more serious unbalance. Budgetary and anti-inflationary policy was prudent too. State budget was roughly balanced, deflation was gradual (not by shock). Aside from prudent budgetary and anti-inflationary policy one should also point out at the fact that as for the transformation strategy, Slovenian government has not chosen a shock concept, but along with the liberalisation measures it has taken into account also the possibilities of their institutional guarantee. This feature manifested itself ex-pressively in the Slovenian privatisation both in its speed and above all in the effort to protect Slovenian enterprises against such destabilising effects such as „pre-privatisation agony“, „tunnelling“ etc. Besides, towards the efficiency of the Slovenian enterprising sphere contributed also the fact, that already during the times of the Yugoslav autonomous system the enter-prises had to bear to a large extent responsibility for their own destiny; changeover into the market system meant for them therefore smaller shock compared to the enterprises in other transforming countries, where centralist and administrative system was aban-doned. Especially in the sphere of foreign trade stable and solid enterprises explain that Slovenia on the whole mastered complicated export tasks of strategic reorientation from the East towards the West.

  • Issue Year: 48/2000
  • Issue No: 06
  • Page Range: 835-856
  • Page Count: 22
  • Language: Slovak