IDEAS home Printed from
   My bibliography  Save this article

Risk management under the conditions of globalization


  • E. Yu. Lopatina

    () (World Economy and Economics Chair, Volgograd State Technical University, Russia)


The important place in European society structure is occupied by the group of people carrying out similar activity, which could be called an enterprise (business) stratum. The social and economic approach requires to consider within scientific research not only the business activity, but also the subject of business activity, namely a figure of the businessman. The essence of business activity in all the contents is filled with risks of various characteristics. The risk as the phenomenon of the enterprise represents a part of its usual activity. The capital investments possibility, the employment of the new employee, the realization of the goods and services in the market, the formation of the price or signing of the sale agreement could involve business risks. The experience of development in many European countries shows that ignoring, underestimation and the small accounting of the specifics of enterprise risks when developing tactical and strategic tools of economic policy of enterprise subjects definitely restricts the development of modern society and puts the economic system on lower levels. Risk management is a new phenomenon for the development of European members' economies which arose upon economy transition to market system of managing. The majority of 'newcomers' in European business do not yet understand up to the end and estimate inevitability of risk and importance of its account in business activity. In the article, according to the considered directions of the globalization processes influence the risks of business activity having paramount value for competitiveness of the companies in the conditions of globalization were considered.

Suggested Citation

  • E. Yu. Lopatina, 2012. "Risk management under the conditions of globalization," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 4(2), pages 150-157, Decembre.
  • Handle: RePEc:rse:wpaper:v:4:y:2012:i:2:p:150-157

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Angus Deaton & Christina Paxson, 1997. "The effects of economic and population growth on national saving and inequality," Demography, Springer;Population Association of America (PAA), vol. 34(1), pages 97-114, February.
    2. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
    3. Paola Giuliano, 2004. "On the determinants of living arrangements in Western Europe: Does Cultural Origin Matter?," Econometric Society 2004 North American Summer Meetings 68, Econometric Society.
    Full references (including those not matched with items on IDEAS)

    More about this item


    risk; risk management; globalization; European experience; entrepreneurship; business risk; business activity.;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rse:wpaper:v:4:y:2012:i:2:p:150-157. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Manuela Epure). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.