Economic globalization as irreversible process: Risks and prevention for developing countries Cover Image
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Икономическата глобализация като необратим процес: Рискове и превенция за развиващите се страни
Economic globalization as irreversible process: Risks and prevention for developing countries

Author(s): Maya Tsoklinova
Subject(s): Supranational / Global Economy, International relations/trade, Developing nations, Financial Markets
Published by: Нов български университет
Keywords: economic globalization; risks; developing countries; international financial markets;
Summary/Abstract: This research report aims to discuss and analyze the risks that arise under the influence of globalization on developing countries and to propose concrete measures to neutralize the negative effects that this difficult for control trend rises. As an irreversible political and economic process, it reflects the continuing expansion and mutual integration in the global market and is a dynamic direction for the development of economies internationally in the beginning of the new millennium. Fast growing importance of information and internationalization of all types of production activities are the two main driving forces of economic globalization. It concludes that the globalization of the financial sector has become the fastest growing and influential aspect of economic globalization. Special emphasis is placed on the role of international finance that serves the needs of international trade and investment activities.