Impact of Globalization on Business

Oana Chindris-Vasioiu and Cristian Pana

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 343-347

Abstract: The 90s’ represented the first decade through which worldwide national companies started to form a global vision. Still, the present is characterised by the tightening of the global competition. The more the companies fail to adopt the international view, the more increased is the risk of having them excluded from the emerging markets of Western and Eastern Europe, of Far –East Orient or of other world’s regions. Nowadays, the countries, forming the European common market, have abolished the barriers which blocked the free movement of goods, services, cash and people, by regulating certain activities, by the privatization of state-owned companies and by the adoption of common commercial practices. In the same time, new profitable opportunities have arisen in Eastern Europe, the countries from this region sustaining significant exertions in their transition from a planned-centralised economy to a market economy.

Keywords: international business; multinational firms; export; foreign markets. (search for similar items in EconPapers)
JEL-codes: F23 M16 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:343-347

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