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In this document political, economic, social and cultural aspects of globalisation are presented. Positive and negative effects of globalisation on the economic and overall social welfare will be explored. This document contains successful examples of global economies, as well as impact of globalisation on countries in transition. Since the increase of multinational companies is one of essential features of economic globalisation, a part of the document is devoted to the consideration of their role in this process. At the end this document, the expected future challenges in that process are presented. ; Šiame straipsnyje apžvelgti politiniai, ekonominiai, socialiniai ir kultūriniai globalizacijos aspektai. Darbe analizuojami tiek pozityvūs, tiek negatyvūs globalizacijos padariniai bei jų poveikis ekonominei ir socialinei gerovei. Straipsnyje pateikti sėkmingi globalios ekonomikos pavyzdžiai bei įvertinta globalizacijos įtaka pereinamosios į rinkos ekonomiką šalims. Kadangi tarpnacionalinių kompanijų skaičiaus išaugimas yra vienas iš esminių ekonomikos globalizacijos bruožų, pateikto tyrimo dalis yra skirta tarpnacionalinių kompanijų vaidmens globalizacijos procese analizei. Straipsnio pabaigoje pateikiamos pagrindinės įžvalgos dėl ateityje laukiančių iššūkių, susijusių su ateityje laukiančiais ekonomikos globalizacijos padariniais.

Economic growth is a key point of macroeconomic policy and is the subject of constant attention and debate by professional public and policy makers. Theoretical and empirical research indicates differences in the level and direction of determinants' influence on the growth rate. The main goal of our article is to construct a model of economic growth determinants in South-East European countries. We used an unbalanced panel of 12 selected SEE countries over the period 2006–2019. Our empirical findings have shown that the most robust results can be obtained using a two-step generalized method of moments (GMM) model with dummy variable. In our dynamic model, we found that trade openness and gross fixed capital formation have a positive impact on economic growth, while government expenditures negatively determine economic growth. Gross fixed capital formation has the greatest positive impact on economic growth, while government expenditure has the greatest negative impact.