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Impact of Globalization on Business

Author

Listed:
  • Chindris-Vasioiu Oana

    (Ecological University of Bucharest)

  • Pana Cristian

    (Ecological University of Bucharest)

Abstract

The 90s’ represented the first decade through which worldwide national companies started to form a global vision. Still, the present is characterised by the tightening of the global competition. The more the companies fail to adopt the international view, the more increased is the risk of having them excluded from the emerging markets of Western and Eastern Europe, of Far –East Orient or of other world’s regions. Nowadays, the countries, forming the European common market, have abolished the barriers which blocked the free movement of goods, services, cash and people, by regulating certain activities, by the privatization of state-owned companies and by the adoption of common commercial practices. In the same time, new profitable opportunities have arisen in Eastern Europe, the countries from this region sustaining significant exertions in their transition from a planned-centralised economy to a market economy.

Suggested Citation

  • Chindris-Vasioiu Oana & Pana Cristian, 2011. "Impact of Globalization on Business," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 343-347, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:343-347
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    More about this item

    Keywords

    international business; multinational firms; export; foreign markets.;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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