GLOBALIZACIJOS RAIŠKA EUROPOS PEREINAMOSIOS EKONOMIKOS ŠALIŲ VERSLO APLINKAI: YPATUMAI IR POVEIKIO VEIKSNIAI

Abstract

This article is meant to be an analysis of the peculiarities of globalization process and its impact on the business environment of European countries in transition. It thoroughly analyses various definitions of globalization and presumptions of their origin, driving forces of the process, future potential, qualities, advantages and disadvantages in the context of European transition economies. The influence of globalization process on the European transition economies could be divided into the following aspects: the overall growth in mobility and accessibility, the rapid decrease of mobility (exchange) barriers, the loss of importance of geographical location and the rise in IT hegemony, the increase of time value, the unprecedented spread and velocity of the process. The authors of this article analyse each impact separately and present opinions of various authors on the particular impacts' implications and level of exposure. European transition economies, peculiarities of their business environments, the effects of transition process, their progress in worldwide integration and relation to globalization phenomenon are also subject to analysis in this paper.