globalization
Globalization: Trends, Challenges and Opportunites for
Countries in Transition by Mojmir Mrak
Session I
GLOBALIZATION AND
THE INTEGRATION OF
INDUSTRY IN THE REGION
UNITED NATIONS
INDUSTRIAL DEVELOPMENT ORGANIZATION
Vienna, 2000
The views expressed in this document are those of the authors and do not necessarily reflect the views of the Secretariat of the United Nations Industrial Development Organization (UNIDO).
The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United
Nations Industrial Development Organization concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. Mention of firm names or commercial products does not imply endorsement by UNIDO.
This document has not been edited.
Preface
Globalizationthe process of continuing integration of the countries in the worldis strongly underway in all parts of the globe. Supported by accelerating pace of technological change, by price and trade liberalization, and by growing importance of supranational rules, globalization has exposed national economies to much more intense competition than ever before. In countries in transition, the process of their integration into global economy has been characterized by at least two region specific features. First, this is the only region in the world that was practically de-linked from other parts of the world before the late 1980s. Second, the countries of the region have been faced with a highly challenging process of transition from centrally-planned socialist-type economy into a full-fledged market economy based on private ownership.
The combination of transition and globalization processes affects overall development of transition economies in most fundamental ways. Rapid advancement in the process of transition
Countries in Transition by Mojmir Mrak
Session I
GLOBALIZATION AND
THE INTEGRATION OF
INDUSTRY IN THE REGION
UNITED NATIONS
INDUSTRIAL DEVELOPMENT ORGANIZATION
Vienna, 2000
The views expressed in this document are those of the authors and do not necessarily reflect the views of the Secretariat of the United Nations Industrial Development Organization (UNIDO).
The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United
Nations Industrial Development Organization concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. Mention of firm names or commercial products does not imply endorsement by UNIDO.
This document has not been edited.
Preface
Globalizationthe process of continuing integration of the countries in the worldis strongly underway in all parts of the globe. Supported by accelerating pace of technological change, by price and trade liberalization, and by growing importance of supranational rules, globalization has exposed national economies to much more intense competition than ever before. In countries in transition, the process of their integration into global economy has been characterized by at least two region specific features. First, this is the only region in the world that was practically de-linked from other parts of the world before the late 1980s. Second, the countries of the region have been faced with a highly challenging process of transition from centrally-planned socialist-type economy into a full-fledged market economy based on private ownership.
The combination of transition and globalization processes affects overall development of transition economies in most fundamental ways. Rapid advancement in the process of transition
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