Slovakia's Changing Position Among Economies of the European Union and the World

Abstract

During the short history of Slovakia as an independent state, economic convergence has been at the center of the attention of policymakers and public figures. Even after becoming a member of many important international organizations (e.g. European Union, OECD, NATO), Slovak discourse still focuses on comparison with the Visegrad Group countries or with so-called new EU Member States. In this chapter, based on several rankings covering relevant economic indicators, we describe the development of Slovak's position globally (Global Competitiveness Index, Ease of Doing Business, GDP p. c.) or specifically among the EU Member States (convergence to EU average in selected indicators). We also explain these changes in connection to the specific development of the Slovak economy.

Citation

Zagoršeková, N. (2024), "Slovakia's Changing Position Among Economies of the European Union and the World", Augustín, M., Jančovič, P. and Sergi, B.S. (Ed.) Modeling Economic Growth in Contemporary Slovakia (Entrepreneurship and Global Economic Growth), Emerald Publishing Limited, Leeds, pp. 49-70. https://doi.org/10.1108/978-1-83549-454-720241004