Slovakia’s development model: contours, vulnerabilities and strategic alternatives

Abstract

This article outlines the main contours of Slovakia’s development model from the perspective of regulationist and dependency approaches. It identifies financialisation and export industrialization as the two main pillars of the development model. The extremely extraverted character of the development model entails significant external vulnerabilities. In addition, it is characterized by very uneven internal development patterns. As a strategic alternative, the article proposes the development of a third, more inward looking pillar with a particular focus on the rather peripheral regions.