MODERN TENDENCIES IN ECONOMIC GLOBALIZATION PROCESSES

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Dmytro Kyryliuk, Olga Kyryliuk, Łukasz Chryniewicz and Michał Wojtaszek
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Scientific Journal of National University of Life and Environmental Sciences of Ukraine. Series: Economy, agrarian management, business, 2016, issue 244, pages 93-105

Abstract: For various reasons at the end of the 70s, the process of economic globalization has been changing, as well as real interest rates have increased significantly since that time. This factor, and the low profitability of nvestments financed by a loan meant, that developing countries were unable to service its debts on time. The International Monetary Fund and World Bank had offered assistance to countries affected by the debt crisis, however, requiring the application of structural adjustment of its policies. This entails at the opening of economies and financial markets of these countries, their integration into the economy and international financial markets. Article will elaborate this issue using the critical analysis of literature.

Keywords: economic; globalization; developing; countries; international; markets(search for similar items in EconPapers)
JEL-codes: R00 (search for similar items in EconPapers)
Date: 2016
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