This document outlines the syllabus for a course on foreign direct investments in the world economy. The course will cover major theories of foreign direct investment on the macroeconomic and microeconomic levels. It will examine trends in global FDI flows and flows into Central and Eastern Europe and Slovakia specifically. The possible impacts of FDI inflows on host countries will be evaluated. The main attributes of investment attractiveness will be discussed, along with the role of investment promotion agencies in improving attractiveness. Case studies will look at FDI in China and the automotive industry in Central and Eastern Europe. Students must actively participate and write an essay on a chosen topic.

1. Ing. Tomáš Dudáš, PhD. – Email: tomas.dudas@euba.sk
Office hours - (D4.16): Monday 9.00-11.00 / Tuesday 11.00-13.00
Foreign Direct Investments in the World Economy
Sylabus
1. Foreign direct Investments – introduction
• Introduction of the course
• The place of FDI in the world economy
2. Review of the major theories of FDI
• The main theories on the macroeconomic level
• The main theories on microeconomic level
• Development theories of FDI
• John Dunning’s eclectic theory
3. The latest trends in global FDI flows
• The global FDI inflows and outflows
• Regional trends – Asia, Africa, Latin America and the developed countries
4. FDI in Central and Eastern Europe with emphasis on Slovakia
• FDI inflows into CEE countries from 1990 to 2007
• FDI inflows into Slovakia from 1993 to 2007
5. The possible impacts of FDI inflows on the economy of the host country

2. Ing. Tomáš Dudáš, PhD. – Email: tomas.dudas@euba.sk
Office hours - (D4.16): Monday 9.00-11.00 / Tuesday 11.00-13.00
• The evaluation of the possible positive and negative impacts of FDI inflows
6. The main attributes of the investment attractiveness of host countries
• Investment climate
• Macroeconomic attributes
• Investment promotion
7. Investment promotion as a tool of improving the investment attractiveness
• Tool of investment promotion
• IPAs – Investment promotion agencies
• The role of investment promotion in Slovakia
8. The role of investment promotion agencies in FDI promotion
• Guest speaker from the SARIO (Slovak investment promotion agency)
9. Guest speaker – to be announced later
10. Case study – FDI in the Chinese economy
• The role of FDI in Chinas economic success
11. Case study – automotive FDI in the countries of Central and Eastern Europe
• The current state of global automotive industry

3. Ing. Tomáš Dudáš, PhD. – Email: tomas.dudas@euba.sk
Office hours - (D4.16): Monday 9.00-11.00 / Tuesday 11.00-13.00
• Automotive industry in Central and Eastern Europe
12. Review of the course, closing remarks
Literature
• World Investment Report series – free download at www.unctad.org
• Assorted papers and articles
Course requirements
• Active participation (max. 3 absentia)
• Slovak students – written essay on a chosen topic
• Foreign students – written essay on a chosen topic