THE PROCESS OF GLOBALIZATION AND TRANSITION

Authors

  • Слободан Ђорђић Faculty of Economics, University of Banja Luka

Keywords:

transition, globalization, speculative economy, disfunctions, megatransition changes.

Abstract

This article deals with some open questions on globalization and transition processes. It is about positive as well as about negative effects of these processes.

As for globalization, positive trends relate to the insisting on higher level of market economy and liberalization trends including the rapidity of the movement of capital and the transfer of technology.

The speculative financial economy and different kinds of disfunctions and dissipations that are just emerging in this time belong to the negative trends.

In this article up to-date processes of transition show in general negative results. It relates especially on the slowdown of economic activities in the countries under transition as wel as slowdown of foreign private capital which make an essential factor for instigation the growth of domestic economies in the countries under transition.

As key preconditions for amelioration of these economies under transition have been seen as follows:

The completion of privatisation process;

The creation of the state of law and

Institutional and economic sistem adjustments to the market economy.

References

Др Благоје Бабић, Прелаз у транзицију, "Прометеј". Београд, 1996.

J.K. Galbraith, Добро друштво, ПС "Грмеч", Београд, 1997.

Michie, J. i Smith, J., Managing the Global Erconomy, Oxford University Press, New York, 1995.

Др Томислав Поповић, Основе транзиције и програм приватизациђе, Институт економских наука, Београд, 1996.

Зборник радова "Изазови развоја на прелазу у XXИ век, Институт економских наука, Београд, 1999.

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Published

2003-06-30

How to Cite

Ђорђић, С. (2003). THE PROCESS OF GLOBALIZATION AND TRANSITION. Acta Economica, 2(1), 113–122. Retrieved from https://ae.ef.unibl.org/index.php/ae/article/view/331

Issue

Section

Scientific papers