Abstract:

Globalization consists in functioning interactive relations and affairs among companies. Globalization is characterized by the growth of the companies’ flexibility and effective utilization of IT technologies. Globalization could be defined as liberalization of economic and investment relations and removal of the obstacles for doing business. The research objects are manufacturing companies of the automobile industry focusing on the ones in Slovakia. Based on the analysis of literature resources, the Bloomberg database, reports of the state aid on the economic results of individual multinational companies operating in Slovakia, the development of international economic relations due to globalization was pointed out. Firstly, in the theoretical focus, the objective of this scientific paper is to identify basic factors influencing the process of globalization and positive versus negative aspects of the process of globalization. At the same time, we have clarified the implementation of the entrepreneurial activity of transnational corporations in Slovakia and examined and analyzed the process of globalization in the Slovak automobile industry. Results of the research have led to clarifying essential facts having impact on investment decisions of foreign investors.