IMPACT OF FOREIGN INVESTMENT ON THE COMPETITIVENESS AND QUALITY OF LIFE IN CONDITIONS OF GLOBALISATION

Multinational corporations play an important role in the world economy due to the process of economic globalisation. The economic interdependence of national economies is increasing across the world through a rapid increase in cross border movement of goods, services, technology and capital. National and local governments often compete with one another to attract multinational corporation with the expectation of increased tax revenue, employment and economic activity. Political entities may offer multinational corporation incentives such as tax breaks, pledges of governmental assistance or subsidised infrastructure or lax environmental or labour regulations. The contribution is focused on the multinational corporation, global competitiveness index and the foreign investment development in automotive industry in the Slovak Republic.