inostrani kapital kao faktor razvoja zemalja - Ekonomski fakultet u ...

2007 and 2008, is about a certain rising, within the Maastricht allowance. The
impression is that reduced inflation was possible also because of foreign
investment, particularly in the area of large distribution, which helped to push
down domestic prices in both countries. But there are still domestic prices lower
than those of the EU average, so that price rising pressure is not to exclude, after
full integration into the EU area.
Fig. 3 is showing the pattern of per capita GDP, which in 2002, was twice as
high for Slovenia than Slovakia. The forecast is for a quick growth of it until 2008,
but the distance between the two lines looks as remaining at the same level and
even expanding a little bit. Slovenia had a higher per capita GDP and was able to
increment it, reaching a level close to the EU average, whereas Slovakia is still on
a level below that EU average, catching up only slowly.
Per capita GDP in US$ (migliaia)
25
20
15
10
5
0
Fig.3.: Per capita GDP in the period 2002-2008
Slovenia
Polonia
Russia
2002 2003 2004 2005 2006 2007 2008
Years
Another interesting picture regarding the two countries, is given by Fig. 4,
showing the pattern of the current account balance. We see here a marked
difference between the two cases, which is probably explaining also the differences
shown by GDP. Slovenia has a current account, which is in the whole period more
balanced than Slovakia, the last exhibiting a wave-like pattern in the negative
quadrant. The explanation can be only that Slovenia had a better trade balance, i.e.:
companies, which have been able to export to world markets, keeping the import
export balance tighter. Moreover, Slovenia had a better service sector, in particular,
tourism, which is also creating financial inflows to the country, offsetting possible
deficits in the trade area.
17