The Impact of Globalization on the Business

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Katerina Ristovska
Katerina Ristovska
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Aneta Ristovska
Aneta Ristovska

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GJHSS Volume 15 Issue E5

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The modern liberal, capitalistic and economic actions become a conglomerate of factors and reasons, analysis, information, mediums, skills and predispositions influencing on the business. The participation on the world’s global markets, the internationalization and the transfer of the business activities on all geographic meridians, encountering different and often uncertain environments is a constant business story of the international economic activity for at least three centuries ago. The global economic interaction is as old as it is old the society in its more or less organized form. From the industrial revolution until today, there is ongoing irreversible global economic integration. The reasons are simple, business and profits do not recognize borders, national and cultural unsurpassed characteristics, where more or less a mutual benefit of certain cooperation is recognized, a business connection is immediately established. Making an decision for investment on a foreign location is a process of extensive analysis, thoroughly and profound long-term thinking and scanning of the institutional and legal frameworks that should provide in advance, and to some extent, guaranteed predictability, in terms of responsiveness to a certain dilemmas, how much to be invested, where to direct the capital, what will be the economic benefit and the ability to anticipate, in advance, the given risks.

11 Cites in Articles

References

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  11. T Jovanovski (2007). Megjunarodni Finansii, Euro-Mak Kompanii.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Katerina Ristovska. 2015. \u201cThe Impact of Globalization on the Business\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 15 (GJHSS Volume 15 Issue E5): .

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Issue Cover
GJHSS Volume 15 Issue E5
Pg. 49- 52
Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification: FOR Code: 150399
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v1.2

Issue date

July 6, 2015

Language

English

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The modern liberal, capitalistic and economic actions become a conglomerate of factors and reasons, analysis, information, mediums, skills and predispositions influencing on the business. The participation on the world’s global markets, the internationalization and the transfer of the business activities on all geographic meridians, encountering different and often uncertain environments is a constant business story of the international economic activity for at least three centuries ago. The global economic interaction is as old as it is old the society in its more or less organized form. From the industrial revolution until today, there is ongoing irreversible global economic integration. The reasons are simple, business and profits do not recognize borders, national and cultural unsurpassed characteristics, where more or less a mutual benefit of certain cooperation is recognized, a business connection is immediately established. Making an decision for investment on a foreign location is a process of extensive analysis, thoroughly and profound long-term thinking and scanning of the institutional and legal frameworks that should provide in advance, and to some extent, guaranteed predictability, in terms of responsiveness to a certain dilemmas, how much to be invested, where to direct the capital, what will be the economic benefit and the ability to anticipate, in advance, the given risks.

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The Impact of Globalization on the Business

Katerina Ristovska
Katerina Ristovska
Aneta Ristovska
Aneta Ristovska

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