Impact of globalization on a successful business of Kosovo companies

Abstract

The phenomenon of globalization presents a significant challenge to economic science. The globalization of 
world economy is a process whose consequences far beyond the economic sphere of modern society and which 
is now subject to a variety of multidisciplinary research. As a kind of mega trend that largely determines the 
current international economic trends, globalization has imposed new challenges and the economic theory. 
Globalization is characterized by growing interdependence national economy with the global economy. Dynamic 
changes in the world economy recent decades more and more important economic public strengthening the 
global economic ties and increasing integration of countries into a single world economic system faced the 
number of opponents in both the industrialized and developing countries. One of the most common arguments is 
that globalization intensifies the process of polarization of the world to the developed and underdeveloped 
countries, increasing economic inequality between and within individual countries, leaving the unsolved problem 
of poverty. However, recent empirical research suggests significant and positive impact of economic openness 
on economic growth in the country. In fact, growth and development more important and have a clear impact on 
economic inequality within a country. As a result of this fact, the openness of the economy to the world market of 
goods, services and capital is marked as important and necessary aspect of development strategies and poverty 
reduction in developing countries.