GLOBALIZATION AS A PRECONDITION FOR FOREIGN TRADE Cover Image

СПОЉНОТРГОВИНСКО ПОСЛОВАЊЕ У УСЛОВИМА ГЛОБАЛИЗАЦИЈЕ
GLOBALIZATION AS A PRECONDITION FOR FOREIGN TRADE

Author(s): Aleksandar Ćirić
Subject(s): Law, Constitution, Jurisprudence, Commercial Law
Published by: Правни факултет Универзитета у Нишу
Keywords: globalization; foreign direct investment; privatization; state mechanisms of economic control; the position of privatized enterprises

Summary/Abstract: The matter of author's consideration in this paper are the basic features of the globalization process in the light of its influence on the controlled development of national economies, and its likely further effects. The present interrelated structure of global economy makes allowances for fewer national decisions of a unilateral character. In the circumstances of globalization, the content of legal norms becomes a reflection of a political battle for predominance in different fields, including economy, finance, industry, social and military relations, etc. Upon the initial consideration of the global relations setting, in the second part of the paper the author deals with the mechanisms of state control in the privatization process, asserting the importance of regulating the legal aspects of foreign investments in the process. The author particularly emphasizes, on the one hand, the necessity of a high level protection of foreign investments and, on the other hand, the need for a more serious factual consideration of the position and interests of the privatized domestic enterprises.

  • Issue Year: XLIV/2004
  • Issue No: 44
  • Page Range: 33-57
  • Page Count: 25
  • Language: Serbian