The Macedonian economy in the process of globalization

Sajnoski, Krste and Paceskoski, Vlatko (2012) The Macedonian economy in the process of globalization. First International Conference for Business, 1 (1). pp. 370-381. ISSN ISSN 1857-8373

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The general idea of the positive impacts of globalization processes on the national
economies doesn’t imply for the Macedonian economy. High levels of poverty, huge
unemployment, low growth rates and the tendency of deterioration of the country's external
balance more arguments for the "victims" of globalization than user benefits from it. But such
a conclusion reflects the truth about the relationship of the Macedonian economy and
objective process of globalization.
It is a condition for rational participation in the international division of labor.
However, the problem is its lack of coordination and unsynchronized with appropriate exportoriented
development strategy, in conditions of market economy.
A special problem is substituting the economic development with stabilization policy.
Such a practice, in the initial period of independent development of the country, had its
raison to be, given the knowledge that the stabilization of prices and exchange rate
assumption for successful development.
However, the goal has stopped at the moment when this policy began to generate
unfavorable economic results. It is high time that the stabilization policy to comply with the
development in order to ensure not only stability (at any cost) but a satisfactory sustainable

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Vlatko Paceskoski
Date Deposited: 30 Nov 2012 14:36
Last Modified: 30 Nov 2012 14:36

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