“Effects of Industry 4.0 on FDI in the Visegrád countries” is a scientific project supported by the International Visegrad Fund (IVF) and coordinated by the Vistula University. The Project team comprises eight researchers representing all V4 countries – the Czech Republic, Slovakia, Poland and Hungary.
This project aims to demonstrate how Industry 4.0, which brings efficiency gains, innovation, agility, cost reduction, revenue growth and better customer service, affects the Visegrad Group countries as a popular target region for foreign direct investment (FDI).
FDI has contributed significantly to the economic success and development of V4 in the post-transition period. The challenges faced today by Visegrad countries in the area of FDI are largely similar – employee shortage, wage increases, and low digitization of enterprises. At the same time, V4 countries compete intensively for FDI projects in specific industries.
The aim of the “Effects of Industry 4.0 on FDI in the Visegrád countries” project is to explore the likely impact of I.40 on FDI flowing to V4 region and formulate tentative recommendations about how to shape the future policy towards FDI in terms of attracting and maintaining foreign investors.
The first seminar that took place on February 4, 2020, was an opportunity to exchange first project experiences – share opinions on conducted so far in-depth interviews with experts and carried out a literature review. It allowed the consultations and discussion with invited scholars and think-tanks’ representatives. The conclusions reached during the seminar will enable to conduct better next project tasks, including drafting of the final research report and the organization of the conference, which will take place in October this year in Budapest.