Cars

Foreword In last several decades, we have witnessed numerous changes in car industry, of which globalisation of end product is certainly the most important one. For example, in the discover period there has been intensive trend of migration of important production plants from former traditional car producing countries, such(prenominal) as Western European countries, to transition and Asian countries. Growing competition among car manufacturers worldwide and day-and-night pressure for reduction of production costs have the strongest feign on intensification of globalisation of car production in new-fangled years. So, in last 15 years, countries in the Central and easterly Europe, during transition process, recorded high level of foreign investments in car production, mainly in green-field projects. At the beginning of last decade, the starting time foreign investments in car industry were noticed in Hungary and Czech Republic and during several last years Slovakia is recognised as the arena with the highest level of foreign investments in car production.

In appurtenance to lower labour costs, the state measures directed to attraction of foreign investments, such as tax concessions, financial support and construction of infrastructure in like manner had favourable impact on decision of international companies to move part of its production into transition countries. In addition to capital inflow in the form of direct foreign investments as one of the preferable methods of livelihood of balance-of-payment deficit, positive impacts on domestic economies were far more interlacing and significant. As investments were made mainly in green-field projects, these investments opened more new workplaces contributing positively to reduction of high unemployment rate in majority of transition countries. Also, since car producing companies owned by foreign companies engaged heavy(a) number of local companies as subcontractors, foreign investments had significant verificatory influence on increase of... If you want to get a full essay, order it on our website: Ordercustompaper.com

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