Globalization And The Challenges Of The World Economic Crisis Cover Image

Globalizacija I izazovi svetske ekonomske krize
Globalization And The Challenges Of The World Economic Crisis

Author(s): Sonja Stoiljković, Miroslav Đorđević
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: Globalization; the effects of globalization; crisis; transition

Summary/Abstract: Although globalization has never ceased to be a subject of economic debate, today more than ever this process provided evidence to those who doubted the power of transmission of the globalization effects across the globe. Despite positive effects of globalization, growing negative implications of the process have experienced a peak of negativity when the crisis occurred worldwide. "Debtors" of the crisis have not become only those who led to it (the USA); the negative trend quickly transferred to all dependent economies and also to those economies that are still on their unfinished transition path, as our country. Therefore it is necessary to consider how the global economic crisis affected economies in the process of transition, in terms of slowing growth and reform, and also to define measures on the global and local level that should be taken to reduce the effects of the crisis.

  • Issue Year: 2009
  • Issue No: 3
  • Page Range: 261-267
  • Page Count: 7
  • Language: English