Slovakia. Flashcards
When did Slovakia join the European Union?
2004 - now had access to the single market.
What is the population of Slovakia?
5.4 million
How much of the nations GDP comes from exporting goods?
92%
What is Slovakia’s current KOF Index score? Where does this put them in the global ranking?
84.36. Makes them 18th
What TNC’s have settled here?
Kia, Samsung and VW.
When did Kia settle?
2007.
Why would TNC’s choose to settle here?
Access to the single market, cheap land and labour, also good infrastructure.
Where in Slovakia have most industries settled?
Southwest near the capital Bratislava.
What issues have been created in Slovakia due to globalisation?
North-south divide, potential loss of cultural identity replaced by ‘global culture’.
When dis Slovakia join the Schengen area and gain access to the Euro?
2009 - Allowed free movement of labour.
What is Slovakia’s GDP per capita?
$16,000
How might the globilsation of Slovakia negatively impact upon other countries?
TNC could outsource labour from there home country fewer people employed in the home country. Could also move the whole base of operations to Slovakia.
What phenomenon has taken place in the area around Bratislava?
‘Multiplier effect’.
What title has Slovakia held since 2007?
Highest producer of cars per capita.
How much of Slovakia’s exports go to the European market?
75%