Process of globalization in the world economy

Paceskoski, Vlatko and Nikoloski, Krume and Miteva-Kacarski, Emilija (2017) Process of globalization in the world economy. In: Challenges of tourism and business logistics in the 21st century »ISCTBL 2017«, 24-25 Oct 2017, Gevgelija, Republic оf Macedonia.

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Abstract

Globalization is the process by which the world is interconnected through
technology and powerful infrastructure for the purpose of communicating and managing
resources. Globalization seems to talk about several vibrant phenomena which ensure two
major components. Firstly, they function across national boundaries and secondly, they
result in higher incorporation or interdependence of human societies. It is therefore one
aspect of development that affects the world in general, from every point of human view. This
paper tries to present from a historical perspective, financial globalization is not a new
phenomenon, but the depth and breadth of globalization today are unprecedented. The recent
wave of globalization has generated an intense debate among economists, attracting both
strong supporters and opponents. This paper tries to present a balanced view of financial
globalization, outlining the benefits and risks that globalization entails for developing
countries and emerging markets. The paper revisits the arguments and evidence that can be
used in favor of and against globalization. Starting from here in this paper is implemented
analysis and are given answers how today in the era of globalization the economic allocated
in the world economy, the causes for the weakness in the global economy and the
transformation of power in the world economy.

Item Type: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Emilija Miteva
Date Deposited: 06 Feb 2018 13:22
Last Modified: 06 Feb 2018 13:22
URI: https://eprints.ugd.edu.mk/id/eprint/19357

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