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Economic and legal aspects of foreign direct investment in the Czech Republic
Hrazdíra, Adam ; Bažantová, Ilona (advisor) ; Dupáková, Lenka (referee)
Economic and legal aspects of foreign direct investment in the Czech Republic Abstract The thesis deals with the issue of foreign direct investment and investment incentives in the Czech Republic from an economic and legal point of view. The thesis defines the term FDI in the legislative framework and analyses from the available literature its positive and negative impacts on the host country and economic growth. Within the work, the genesis and development of the key Act No. 72/2000 is analysed in detail. The work aims to confirm the impact of changes in investment incentives on the inflow of FDI in the Czech Republic in the last two decades. The institutional role of CzechInvest and the procedure for approving investment incentives is also part of this work. Based on several studies, the thesis presents a dissenting opinion on the impact of investment incentives on the inflow of new investments and the overall economic advantage of these subsidies. In terms of statistical data, the work analyses both data on investment incentives and the inflow of FDI into the Czech Republic, both from a territorial and sectoral point of view. Part of the work is also an overview of the main determinants defined by experts influencing the inflow of FDI into the host countries. The work analyses the current development of...
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The impact of a new scramble for Africa between the EU and China - a comparative case study of foreign direct investment in Senegal and Zambia
Mocák, Filip ; Kučerová, Irah (advisor) ; Mazač, Jan (referee)
The goal of this research is to shed light on the impact of European foreign direct investment and growing Chinese foreign direct investment in Sub-Saharan Africa through lenses of neocolonialism and orientalism. A case study analysis is utilized to grasp the topic appropriately. Two case studies were set - Senegal and Zambia case study. While Senegal serves predominantly as a case study for the impact of EU foreign direct investments, The case study of Zambia helps to understand how Chinese FDI inflow affects Sub-Saharan countries. Therefore, six hypotheses were outlined. This work researches the impact of FDI on the level of democracy represented by the democratic index of The Economist Intelligence Unit, business freedom embodied in The Heritage Foundation's economic freedom index, and stability of state symbolised by the fragile state index studied by The Fund for Peace. All three indexes above are available for free online. The correlation between EU FDI and level of democracy was confirmed while Chinese FDI negatively affects democratic development in studied countries. Next, European FDI positively affects the level of economic freedom in Senegal as well as Zambia. Nevertheless, increased Chinese FDI inflow to the countries deteriorated their economic freedom. Lastly, there is no clear...
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International Investment Agreements and European Union Law
Fecák, Tomáš
The relationship between international investment agreements and EU law have attracted a lot of attention in past few years. The aim of this thesis is to bring a detailed analysis of various aspects of this complicated relationship. In attainment of this aim it proceeds in following steps. After a short introduction (Chapter I.), Chapter II. contains a brief overview of typical content of bilateral investment treaties as well as a more detailed analysis of relevant EU law rules concerning foreign investment, enabling subsequent comparison of both sets of rules. Chapter III. deals with investment agreements to be concluded by the EU, in particular with questions of external competence for foreign investment, responsibility for breaches of investment agreements concluded by the EU and the future shape of EU investment policy. The status of existing bilateral investment treaties concluded between EU member states and third countries is analyzed in Chapter IV. Chapter V. tackles various issues related to investment treaties concluded between member states (so called intra-EU BITs).
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Investment Policy of the European Union - protection of foreign direct investment
Štamberk, David ; Šmejkal, Václav (referee)
Investment Policy of the European Union - protection of foreign direct investment Abstract One of the changes brought about by the Lisbon Treaty is the explicit inclusion of foreign direct investment and its protection in the common commercial policy of the European Union. This is one of the areas of exclusive competence of the EU. The European Union has subsequently stated negotiating bilateral agreements governing, inter alia, investment issues. However, it has not been spared from controversy and negative publicity that has been accompanying especially the TTIP and the CETA. This work aims to analyse the investment policy of the EU and mutual interaction of its institutions with the Member States and third parties. After general introduction to the topic of international investment law and EU law (chapters II. and III.), it is devoted to the issue of protection of foreign investment in the internal market. Its regime is then compared with the BIT regime (chapter IV.). Attention is then focussed towards the EU's external relations in the field of investment protection. Its competence is subjected to further analysis (chapter V.) and current results of efforts of the Commission and the EU as such are also discussed (chapter VI.). It is so in the light of possible impacts of foreign investment in terms of...
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Economic and Political Motivations for French Direct Investment in the Czechoslovak Republic During the Interwar Period: Schneider-Creusot's Activities in the Czechoslovak Republic.
Fairchild, David ; Doležalová, Antonie (advisor) ; Benáček, Vladimír (referee)
This study investigates the significant rates of French direct investment in the Czechoslovak Republic during the interwar years, specifically from the end of the First World War until the beginning of the Great Depression. It explores the intersection between external factors that occurred on the European continent and internal factors within the Czechoslovak Republic that drove French direct investment in the new republic during this period. This descriptive thesis uses two case studies of the French economic giant Schneider-Creusot's activities in the Czechoslovak Republic to better understand those motivations. The results from the case studies reveal that the Czechoslovak Republic offered a unique combination of economic stability, natural strategic location, and notable levels of historic productivity. These factors, coupled with the outcome of the Russian Revolution and the Treaty of Versailles, attracted high levels of French direct investment from 1918 to 1929. French foreign policy in the region was driven more heavily by economic fears and opportunities than by political ones. Key Words Czechoslovak Republic, France, Schneider-Creusot, foreign direct investment, interwar period Title Economic and Political Motivations for French Direct Investment in the Czechoslovak Republic During...
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Transformace zahraničního obchodu Litevské republiky v kontextu integrace do evropských struktur
Růžičková, Elena
Růžičková, E. The transformation of the foreign trade of the Republic of Lithuania in the context of integration into European structures. Bachelor thesis. Brno: Mendel University, 2017. This bachelor thesis focuses on evaluation of the successful transformation of the foreign trade of the Republic of Lithuania in context of dependence on The Russian Federation and the integration process into the European Union. There is analysed the transformation of territorial and commodity structure of export, import and foreign direct investment from beginning of the transfor-mation in 1991. The results are compared with Estonia and Latvia as countries which also have undergone the transformation process.
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Přímé zahraniční investice v zemích Visegrádské skupiny
Paulík, Libor
This diploma thesis discusses the analysis of factors influencing foreign direct investment in Visegrad countries. The first part of the thesis defines the basic concepts, their brief characteristics and their distribution in the area of foreign direct investment. Another part of the thesis deals with the qualitative analysis of the investment environment in the Visegrad Group countries followed by a qualitative analysis of selected factors influencing foreign direct investment in Visegrad countries. The last part of this diploma thesis is a quantification of selected factors by multidimensional regression analysis and a regression analysis of panel data. The results obtained show that the main factors influencing foreign direct investment in the Czech Republic are the labor costs, the level of taxation and quality of the institutional environment. In Slovakia and Poland, the main factors are economic growth, the level of taxation and the quality of the institutional environment. In Hungary, the main determinants are economic growth, labor cost, the level of taxation and the quality of institutions. Within all Visegrad countries, the main factors are economic growth, labor cost, the level of taxation and the quality of the institutional environment.
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Vliv ekonomické bezpečnosti na zahraniční investice ve vybranných zemích
Machkovs'ka, Ol'ga
The diploma thesis deals with the influence of economic security on foreign in-vestments. The thesis examines the issues of economic security and research the motives of investors and the factors that influence investors, when they deciding about entering the market of another country, and the theoretical influence of economic security on foreign investments. Subsequently, this relation is examined in three economies: Czech Republic, Russia and China. For this purpose are done qualitative and regression analysis and are formulated recommendations for im-proving economic security and inflow of foreign investment.
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Přímé zahraniční investice v kontextu konvergence/divergence zemí Visegradské čtyřky
Hlavizňa, Antonín
Aim of this thesis is to evaluate impact of foreign direct investments on convergence/divergence of the Visegrad four to EU15. Theoretical part contains necessary knowledge to execute this evaluation and includes review of empirical research employed with impact of FDI on economic growth. In first part of empirical analysis beta-convergence model is used to discover convergence of observed countries during period 1995-2015. Estimation uses OLS regression. The results show successful convergence of V4 to EU15. Afterwards there is analysis of impact of FDI on economic growth for the same period. Four models with escalating difficulty were used to evaluate this impact by using panel data regression. Pooled OLS and fixed effects are methods used in this regression. In the last model, more EU transition countries are included to confirm one of investigated hypotheses. Results of this analysis show significant and positive impact of FDI on economic growth in EU transitive economies. Using only V4 countries, I did not find out this impact to be significant. At last, all results are evaluated and given to mutual context. Recommendations to economic policy makers are included as well.
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