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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2020-03-10  |  Accepted: 2020-06-15  |  Published: 2020-09-30

Title

Effects and motivation of political - economic cooperation between two countries: a case study of Slovakia and Austria


Abstract

The political and economic relations between Slovakia and Austria reflect the geographical situation in Central Europe, the change in the political climate after 1989 and, finally, the establishment of the Slovak Republic and its successful efforts to join Euro-Atlantic structures and the European Union. Subsequently, entry into the Schengen area and the European Monetary Union. We focus on some aspects of mutual cooperation between two long-standing neighboring states from the point of view of the theoretical basis of international political and economic cooperation. The aim of the case study is to analyze the successes of international cooperation between Austria and Slovakia, to identify open issues in bilateral relations between Slovakia and Austria, and to predict trends in the coming period. The ambition of this study is also to highlight areas that can be considered key to bilateral cooperation. International cooperation is a very broad field in which general and specific scientific methods can be used. Given the type of study, we decided to use selected general scientific methods, which we adapted to the specifics of examining economic relations between countries. Based on the results, we can say that the possibilities of economic cooperation between Austria and Slovakia are far from exhausted. Joint projects in the field of transport and energy infrastructure, energy security and diversification of energy sources are several examples where cooperation lasts for several years and has a perspective for the future. The increase in cooperation is in the field of foreign trade, in the field of foreign investment, but also in the growing level of services, including the increase in cooperation in the field of tourism. Since its inception, Slovakia has become an important trading partner of Austria, with trade with Austria catching up with trade Slovakia with traditional partners - with neighbors (Poland, Hungary).


Keywords

economic cooperation, a case study, Slovakia, Austria


JEL classifications

R11


URI

http://jssidoi.org/jesi/article/632


DOI


Pages

454-470


Funding

This paper was supported by the project, which has received funding from the Grant Research Agency of the School of Economics and Management in Public Administration in Bratislava, of the Slovak Republic

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Pawera, René
Comenius University in Bratislava, Bratislava, Slovakia https://uniba.sk
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Vojtech, František
Bratislava University of Economics and Management, Bratislava, Slovakia http://www.vsemba.sk
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Levický, Michal
Constantine the Philosopher University in Nitra, Nitra, Slovakia https://www.ukf.sk
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Filip, Stanislav
Bratislava University of Economics and Management, Bratislava, Slovakia http://www.vsemba.sk
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Journal title

Entrepreneurship and Sustainability Issues

Volume

8


Number

1


Issue date

September 2020


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

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References