Proceedings of the 30th International Academic Conference, Venice

SOME ASPECTS OF INDUSTRIAL POLICY IN SLOVAKIA

JANA ŠTOFKOVÁ, STANISLAV ŠTOFKO, KATARÍNA GAŠOVÁ

Abstract:

In contrast to the fiscal and financial policy there is no precise, universally accepted definition of industrial policy. Industry influences crucially the development of each region, largely contributes to the development of the economy. The financial and economic crisis over the last decade affected the industry in Slovakia and other EU countries. Due to the fact that the Slovak Republic is a small open economy for purposes of comparison were chosen countries with small economies and a different competitiveness. Slovak Republic has the most developed automobile industry. It is necessary to ensure the competitiveness bear in mind the increasing employment, improving quality of life and reducing environmental pollution. Several results of a survey are presented, also some measures that could improve competitiveness as well as sustainable development.

Keywords: Industrial policy, competitiveness, automobile industry, industrial structure, sustainable development

DOI: 10.20472/IAC.2017.030.026

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