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18
Percentage
15
10
5
0
-5
-10
Russia
Slovenia
Polonia
Fig.4.: Current Account Balance as % of GDP
2002 2003 2004 2005 2006 2007 2008
Years
It is known that FDI, when they arrive to a country, can create problems to the
host, if they implement a huge demand for products, before provoking exports, as it
might take time for an investment to be fully efficient from a global point of view.
It looks like that such a situation may have acted in Slovakia, creating the patterns
shown in Fig. 4, with large deficits of the current account. Maybe also the service
sector, which can help to buffer such a situation, was less effective in Slovakia than
Slovenia. In order to know that, it would be necessary to make a more detailed
sector analysis.
Percentage of Active Population
25
20
15
10
5
0
Polonia
Slovenia
Russia
Fig.5.: Unemployment Rate
2002 2003 2004 2005 2006 2007 2008
Years
Fig. 5 is showing another important indicator of overall economic
performance of a country: the unemployment rate. In 2002 it was higher for
Slovakia than for Slovenia, but after that it was pointing to a common target,
somewhere around 9%. This phenomenon may be a sign of Slovak well performing
policy in order to curb unemployment by attracting FDI to the country, also by