GLOBALIZATION OF ECONOMY - CHALLENGES OF THE GLOBAL MARKET
GLOBALIZATION OF ECONOMY - CHALLENGES OF THE GLOBAL MARKET

Summary/Abstract: Today, globalization is present and influential in all the spheres of life - in economy, politics, sport, culture, art, chemistry etc. and has a great impact in everyday life in all aspects, in all spheres and social levels. With the term globalization we understand the mutual relationships between nations, people, ideas, financial and economic trade activities, the exchange of ideas and information, whether political, social or cultural. Different opinions regarding globalization pro and against, right or wrong, a real phenomenon or myth in the economic, social and political mainstream, it is quite difficult to make a real evaluation for such a complex phenomenon. Therefore, countries that enter the global flow in these mutual relationships benefit more than those that remain as observers of the event, because globalization is an inevitable and irreversible process. Even countries with large territory and population, and rich with resources cannot prosper without becoming part of globalization. Macedonia as a small country in territory and population, with limited resources should enter the global flow in order to ensure long term prosperity and standards for the citizens because on the contrary the consequences will be large.

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