Foreign direct investment in the Visegrad Group in the context of their international competitiveness

Purpose:The aim of the article is to identify foreign direct investments in the Visegrad Group countries against the background of selected rankings measuring the parameters of the competitiveness of economies.Design/methodology/approach: For the study identifying foreign direct investments in the Visegrad Group in the context of its international competitiveness, a literature query was carried out using the Scopus database.Additionally, using the VOSwiewer programme, keyword links of articles related to the subject under consideration were presented.Next we based on information obtained from statistical sources published by institutions dealing with the identification of international capital flows, as well as international competitiveness: the United Nations Conference on Trade and Development, World Economic Forum, World Bank, Heritage Foundation, Legatum Institute.This study uses a variety of methods, such as statistical and economic analyses, comparisons, analogies, synthesis, the method of measuring and aggregating data, and the tabular method.Findings: The results of this study indicated that the Czech Republic and Poland are the most competitive countries among the Visegrad Group.They also absorbed the highest capital in the form of FDI in the analysed period.It was due to their macroeconomic stability, high productivity of labour resources, innovation capability, and, in the case of Poland, market size. Practical implications:The results of the study might have practical applications in decisionmaking processes regarding the choice of business location in the Visegrad Group countries.Originality/value: Although the topic of foreign direct investment in the Visegrad Group countries has been discussed in the available literature, there is only a few studies conducted in the context of the international competitiveness of these countries.