PROCESSES OF REGIONALIZATION AND GLOBALIZATION – ECONOMIC ASPECT

  • Nerma Čolaković Prguda

Abstract

Globalization and regionalization are some of the most controversial


concepts. Globalization is not an event created naturally but it is a


human creation and it is based on the idea that money requires space


that will allow it to reproduce itself in a new way.


Globalization and regionalization are contradictory unity as their goal


in some cases may be the same, and in some can be quite divergent.


Both of these processes form new institutions in the global economic


space which determine the actions of macroeconomic subjects.


The big problem on the regional and global level is the fact that each


country represents only its own interests Benefits and costs of


globalization are not proportionally divided among sectors, industries,


countries and regions and that makes great problems.


The numerous movements caused by globalization are accompanied by


the establishment of new relations between the regions.


They have many aspects but the economic one is the most important


and it will be presented through the paper. The aim is to show main


characteristics of those processes and their postitive and negative sides


looking from economic view.

Published
May 21, 2019
How to Cite
PRGUDA, Nerma Čolaković. PROCESSES OF REGIONALIZATION AND GLOBALIZATION – ECONOMIC ASPECT. Proceedings of the International Scientific Conference "Social Changes in the Global World", [S.l.], v. 1, n. 5, p. 525-539, may 2019. Available at: <http://js.ugd.edu.mk/index.php/scgw/article/view/2951>. Date accessed: 15 aug. 2020.