GLOBALIZATION CHANGES AND PROCESSES
Journal Title: FBIM Transactions - Year 2017, Vol 0, Issue 2
Abstract
Globalization means the distribution of all spheres of human activity on a planetary scale, including the internationalization of money capital, securities, law, technology, information, an organization of trade, experiences of entrepreneurial practices, management, and marketing, which is globalizing by its holders are becoming multinationals. The main purpose and objective of the strategy of globalization and the internationalization of the company is reducing transaction costs, so decided to the aggressive strategic internationalization of business activities on the one hand and on the other hand keeping strategy and internationalization, to maintain the specific competitive advantages and allow strategic advantages they get to know the competition. Globalization is the process of uniting the world into one entity or one system, which is possible thanks to the constant overall information and communication technological progress. The world is becoming integrated with each other and all that is happening locally, can be reflected and globally. Globalization starts processes that are felt in all parts of the world. Interconnection and globalization of national economies and financial markets are influenced by the vulnerability of the world's economy. Today, the process of globalization around the world oppose the anti-globalists. A common response to globalization regionalism, patriotism and nationalism in order to a greater or lesser extent, is to preserve national and cultural specificities and to some extent the protection of economic independence. What brought by globalization, global factory and the economy, and even the development of the world as the Single system in the future remains uncertain.
Authors and Affiliations
Nevenka Nićin, Milija Bogavac, Anka Bulatović
Keywords
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- EP ID EP332453
- DOI 10.12709/fbim.05.05.02.11
- Views 73
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