 The Global Economy and National Economy Policy (Issue of Economic Strategy Choice by a Country)Stojanov Dragoljub
Ekonomija Economics, 2009, vol. 16, issue 2, 469-479 Abstract: Small medium developed nations cannot easily select a strategy for economic growth under conditions of international functional integration. Their economic decision making cannot be isolated and independent. Their dimensions of comparative advantage are changed. They become not only price takers but rule takers. If the country is a debtor country, as it is Croatia she must formulate a strategy of economic growth as much in keeping as possible with the rules of the game dictated either by firms or by economic integration country is heading to. Quite cetanly in the transition period leading to full globalization of the world economy it is the economies of the large countries which are the price setters and the rule makers. Contemporary world economic crisis has raised the issue of interdependenc between a national economy and a globalization process. The crisis and its solution support the wiev that the economies of big countries try to preserve interese of their own big businesses. They will follow the suit for some time to come until global capitalism becomes mega capitalism dominated by mega firms and mega banks. Keywords: global economy; national economy; macroeconomics; strategy DS (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eff:ekoeco:v:16:y:2009:i:2:p:469-479 Ordering information: This journal article can be ordered from Access Statistics for this article Ekonomija Economics is currently edited by Guste Santini More articles in Ekonomija Economics from Rifin d.o.o. 10000. |
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