Authors : Jaroslav Kovarnik and Eva Hamplova
Abstract: Countries of Visegrad four, namely the Czech Republic, Slovakia, Hungary and Poland, share not only geographical position in the Central Europe but also similar history, similar geo-political ideas and moreover, similar economic development. All of these countries have been developing in last years in terms of gross domestic product however there have been some differences. As far as GDP is concerned, one of the part of this indicator is net export which can be calculated as a difference between exports and imports. This study focuses on the analysis of GDP development and Foreign trade development of Visegrad four countries. Moreover, one of the basic indicator of Foreign trade can be calculated as a share of export on GDP where this indicator measures the openness of particular economy. This study compares this ratio for all Visegrad four countries in terms of goods and services and services only. The analysis shows relatively unexpected development where the position of services is getting worse in all analysed countries. The results are described more deeply in this study.
Jaroslav Kovarnik and Eva Hamplova, 2017. The Selected Topics of Foreign Trade in the Countries of Visegrad Four. Journal of Engineering and Applied Sciences, 12: 2334-2338.