Czech FDI Performance: Between Global Value Chains and Domestic Reforms

Tereza De Castro and Pavel Hnát
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Tereza De Castro: University of Economics, Prague
Pavel Hnát: University of Economics, Prague

Chapter 3 in Foreign Direct Investment in Central and Eastern Europe, 2017, pp 51-75 from Palgrave Macmillan

Abstract: Abstract During the global recession, FDI inflows to the Czech Republic markedly slowed down, but soon returned to almost as high levels as before the crisis. The structure of these flows however has changed, as FDI projects are maturing and with major privatisation projects over, the relative importance of new equity investments has fallen. Reinvested earnings have replaced equity capital as the main component of FDI inflows. The service sector still accounts for more than 70% of inward FDI flows to the Czech Republic, with financial services being most important. Traditional EU countries still account for most FDI inflows, even though after the crisis less traditional investors started to target the Czech Republic, including the BRICS countries, where China and its 16+1 initiative plays the most significant role.

Keywords: Czech Republic; Foreign Direct Investment; Current Account; Current Account Deficit; BRICS Country (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-319-40496-7_3

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DOI: 10.1007/978-3-319-40496-7_3

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