It is well-known that foreign direct investment (FDI) has contributed to the economic success and development of V4. The role of foreign-owned companies are essential in manufacturing and services; they are also highly active in exports. Affiliates of multinational companies have been frontrunners in applying new technologies, automate production. This is strongly linked to the Industry 4.0 concept that involves the internet of things, additive manufacturing, artificial intelligence, etc. With the decreasing price of robots, these are about to be widespread in production and services. At the same time, flexibility, rapidity, being closer to the customers have become more important in global value chains. The consequence is the substitution of certain tasks, the labour force in those areas where production had been previously outsourced. The aim of this project is to demonstrate how these changed conditions affect Visegrád countries. So far relocations of FDI and Industry 4.0 have been analysed mainly separately, but in recent years, connections are more apparent. Regarding V4 countries, the evidence is scarce; therefore, it is important to be aware of the present situation.
The project is now coming to an end. We invite you to download and read the summary report.
- Akademia Finansów i Biznesu Vistula – Vistula University
- Magyar Tudományos Akadémia, Közgazdaság- és Regionális Tudományi Kutatóközpont – Hungarian Academy of Sciences, Centre for Economic and Regional Studies HAS
- Vysoká škola ekonomická v Praze, Katedra světové ekonomiky – University of Economics, Prague, Department of World Economy
- Vysoka skola manazmentu v Trencine – School of Management in Trencin
Link to the project’s website: