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Economic aspects of globalization are related to the increasing economic integration and interdependence on a global level through the processes of overall trade and financial liberalization and deregulation, minimization the role of the state, domination of market principles and mechanisms, and appearance of new actors on international economic scene. Ideological background of the new globalization wave is neoliberalism or market fundamentalism that is institutionalized in the form of trilateralism in international economic relations. Trilateralism includes concentrating the power of governing and regulation of international relations on three regional blocks in the world economy (SAD, Western Europe and Asia) and three international economic institutions (IMF, WTO and WB) that regulate specific area of international economic relations. Although globalization represents huge potential for creation of enormous economic prosperity these benefits aren't evenly distributed, so there exists an increasing gap between the wealthy and the poor that deepens the discontents of the globalization process. Considering that the only alternative is autarky and isolation of economy, globalization cannot be an option, but a reality that must be accepted, however, not at the cost of annulling national interests and sovereignty, degrading economic positions and initiating enormous social tensions.

Economic aspects of prevention refer to the costs and benefits associated with measures aimed at preventing various problems and risks. Prevention can include measures aimed at preventing disease, crime, harmful behavior, environmental problems and other areas. There are several important economic aspects of prevention: cost reduction, productivity gains, social and human benefits and long-term sustainability. It is important to realize that prevention requires initial investments and often its economic impact is not immediately visible. However, a long-term evaluation of costs and benefits shows that prevention can be an economically beneficial strategy that brings a large number of socioeconomic benefits for the individual and society as a whole.

Indices of democratic development are the important issue of contemporary political studies. Their calculation allows to rank countries by a set of parameters and, accordingly, to assess trends in political changes. In this context, some authors pay attention to the indicators of development of national economies. In general, when it comes to determining the type of political regime, it is necessary to consider the various dimensions (e. g. institutional, socio-cultural). To avoid conclusions based on incomplete information and focus on separate – institutional, cultural, or economic – aspects, it is necessary to use an interdisciplinary approach, which, in addition, allows to consider the maximum number of factors of sustainability of democratic trends. Considering the scholarly debate over the interdependence of political and economic development, the paper compares the indices of democracy with economic development estimates, as well as the Gross domestic product of the countries selected for consideration. Quantitative data were analyzed with the calculation of the corresponding correlation coefficients. Initially, the author identified the relationship between indicators of democratic development to obtain confirmation of the feasibility of further comparison. As the obtained coefficients for the selected group of countries are reliable, the methodology applied to the considered countries is valid for application for other regions for which the listed research institutions carry out evaluations. This allowed the use of democratic development indicators to compare them with assessments of market economy development. Accordingly, there is a correlation between democratic and economic development – indicators of democracy status, democracy index and ranking of countries on the democracy scale on the one hand, and the index of economic freedom, market economy status, indicators of institutional ranking of economic freedoms – one the other. Moreover, it is emphasized that theoretical generalizations about the relationship between democracy / democratization and the level of economic development should take into account not only the correlation between expert assessments, but also the relationship between democratization and GDP. On the other hand – such a relationship is nonlinear, and the conditions of democracy, external and internal factors, as well as the national context are significant. Key words: democracy, political regime, economic development, modernization theory, Gross domestic product.

AbstractWe highlight the problem of loneliness, and argue that it is not only a public health issue but also an economic problem. We provide a brief review of findings from the key literature on the associations between loneliness, mental and physical health, and healthcare costs; and then present some evidence on its trends, the extent of socioeconomic inequalities and its links with health and healthcare usage, in Australia. We hope to encourage further economics research on loneliness, and related issues of social isolation and poor social support, to aid the design of policies and interventions to reduce loneliness.

The paper highlights the socio-economic aspects of the concept ofhijraor migration in the Islamic tradition. The paper argues that the conception of migration in the Islamic tradition has been shaped by not only religious and ethical values, but also social and economic motivations and consequences ever since the first migrations to Abyssinia and Medina. The paper addresses the notion and practice ofhijrain Islamic history by highlighting its ethical and religious value as well as its nature and evolution into a socio-economic activity motivated by different forms of oppression, including social and political oppression as well as economic deprivation. The study draws on the history of Islam and the Islamic society, the sources of Islamic law and doctrines, and the thought of scholars in relation to the changes in approaches to migration, and the conceptualization ofhijraas an activity motivated by oppression and economic hardship.

The sports and entertainment industries, economic powerhouses, wield substantial global and regional influence. This study delves into the economic dimensions of the sports and entertainment industries, focusing on player salaries, ticket pricing, and the impact of major events like the Olympics or World Cup. Despite the complexities and evolution of these industries, the paper highlights their enduring relevance within economic analysis. It explores three fundamental aspects of these industries: player salaries, ticket pricing, and major events. It considers the historical context, industry-specific pricing strategies, and the economic implications of hosting major events. The paper emphasizes the interconnectedness of these elements in shaping the economic landscape of sports and entertainment, underscoring their pivotal role in influencing global and regional economies

The article is devoted to the main aspects of the problem of economic integration in the Balkans. The main focus is on the idea of a Balkan Federation promoted by Serbian Social Democrats. The author concludes that such models are in demand in modern conditions.