The Processes of Globalization for Emerging Markets and Growth Prospects

Maria Marikina
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Maria Marikina: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2016, issue 1, 5-12

Abstract: The processes of globalization are in today's global economy remarkably intense. This is one of the key characteristic traits of one particular market category - emerging markets, which are characterized by their rapid economic growth. In this globalization environment they are faced with new challenges for finding economic growth. In this line of thought, the goal of this article is to shed light on the implications that globalization has on emerging markets and to provide a practical solutions for their future eco­nomic growth. The subjects of this article are the globalization processes in emerging mar­kets and the obstacles emerging markets face in their economic growth. The task at hand is to present globalization in its current form – the processes of globalization are interlinked with the macroeconomic condi­tions necessary for emerging market growth. Additionally, we are observing a globalization which is associated with the rapid expansion of world trade and the larger inflows from direct investment. Secondly, globalization in its present form leads to restructuring in many companies. In conclusion, the goal of this article is to show that the key to economic growth in emerging markets are technological growth, institutional reform and financial independence.

Keywords: globalization; emerging markets; growth (search for similar items in EconPapers)
JEL-codes: F60 F62 F63 O11 (search for similar items in EconPapers)
Date: 2016
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