The Impact of Globalization on the Business

Katerina Ristovska () and Aneta Ristovska
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Katerina Ristovska: University Ss. Cyril and Methodius, Management, Faculty of Economics, Skopje
Aneta Ristovska: University Ss. Cyril and Methodius, Management, Faculty of Economics, Skopje

Economic Analysis, 2014, vol. 47, issue 3-4, 83-89

Abstract: The modern liberal, capitalistic and economic action becomes a conglomerate of factors and reasons, analysis, information, means, mediums, skills and predispositions. In terms of minimized barriers and openness of the world, the inevitable process of the globalization and the business actions represent projects that are facing success potentials, as well as risk and failure potentials. The indisputable accent on these aspects is certainly the success and the reliability of the business ventures for which the ultimate goal is the economic satisfaction, minimizing the risks as well as the establishment of long-term experiences in order to maintain a particular enterprise in a particular environment. The participation on the world's global markets, the internationalization and the transfer of the business activities on all geographic meridians, encountering different and often uncertain environments is a constant business story of the international economic activity for at least three centuries ago. The global economic interaction is as old as it is old the society in its more or less organized form. From the industrial revolution until today, there is ongoing irreversible global economic integration. The reasons are simple, business and profits do not recognize borders, national and cultural unsurpassed characteristics, where more or less a mutual benefit of certain cooperation is recognized, a business connection is immediately established.

Keywords: globalization; internationalization; business; global markets; economic integration (search for similar items in EconPapers)
JEL-codes: F2 F6 (search for similar items in EconPapers)
Date: 2014
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