In this article theoretical aspects of globalization and economic growth connection are analysed while looking for an answer how globalization affect countries economic growth. Three globalization dimensions – economic, social and political – are being examined. An empirical part of the article reviews the research on the impact of globalization on economic growth. The aim is to summarize the results of research carried out by researchers on how globalization and its dimensions affect economic growth. According to the results of the research, conclusions are made on the link between globalization and economic growth.
In this article theoretical aspects of globalization and economic growth connection are analysed while looking for an answer how globalization affect countries economic growth. Three globalization dimensions – economic, social and political – are being examined. An empirical part of the article reviews the research on the impact of globalization on economic growth. The aim is to summarize the results of research carried out by researchers on how globalization and its dimensions affect economic growth. According to the results of the research, conclusions are made on the link between globalization and economic growth.
The globalization phenomenon has become a subject of research in scholastic literature. The impact of globalization is the subject of ongoing debate, which is based more on personal provisions than on objective evidence. A need arises to evaluate the process of globalization based not on a subjective view, but rather on empirical studies grounded in scientific reasoning. Scholars, attempting to add rationality to the discussion, use empirical data, namely indicators of globalization. Such empirical evidence would allow for a more objective assessment of the essence of the globalization process, its scope and impact on various social sectors. Quantitative assessment of globalization is a complex matter, since there is no generally accepted valuation methodology. Different quantitative indicators are used in the separate spheres of globalization: economic, cultural, social, and political. A need to measure the phenomenon of globalization as a whole, to establish an integrated set of indicators, presents itself. Attempts to assess the extent of globalization with one complex set of indicators are a new phenomenon, which has not been studied sufficiently. [.]
The globalization phenomenon has become a subject of research in scholastic literature. The impact of globalization is the subject of ongoing debate, which is based more on personal provisions than on objective evidence. A need arises to evaluate the process of globalization based not on a subjective view, but rather on empirical studies grounded in scientific reasoning. Scholars, attempting to add rationality to the discussion, use empirical data, namely indicators of globalization. Such empirical evidence would allow for a more objective assessment of the essence of the globalization process, its scope and impact on various social sectors. Quantitative assessment of globalization is a complex matter, since there is no generally accepted valuation methodology. Different quantitative indicators are used in the separate spheres of globalization: economic, cultural, social, and political. A need to measure the phenomenon of globalization as a whole, to establish an integrated set of indicators, presents itself. Attempts to assess the extent of globalization with one complex set of indicators are a new phenomenon, which has not been studied sufficiently. [.]
The globalization phenomenon has become a subject of research in scholastic literature. The impact of globalization is the subject of ongoing debate, which is based more on personal provisions than on objective evidence. A need arises to evaluate the process of globalization based not on a subjective view, but rather on empirical studies grounded in scientific reasoning. Scholars, attempting to add rationality to the discussion, use empirical data, namely indicators of globalization. Such empirical evidence would allow for a more objective assessment of the essence of the globalization process, its scope and impact on various social sectors. Quantitative assessment of globalization is a complex matter, since there is no generally accepted valuation methodology. Different quantitative indicators are used in the separate spheres of globalization: economic, cultural, social, and political. A need to measure the phenomenon of globalization as a whole, to establish an integrated set of indicators, presents itself. Attempts to assess the extent of globalization with one complex set of indicators are a new phenomenon, which has not been studied sufficiently. [.]
The globalization phenomenon has become a subject of research in scholastic literature. The impact of globalization is the subject of ongoing debate, which is based more on personal provisions than on objective evidence. A need arises to evaluate the process of globalization based not on a subjective view, but rather on empirical studies grounded in scientific reasoning. Scholars, attempting to add rationality to the discussion, use empirical data, namely indicators of globalization. Such empirical evidence would allow for a more objective assessment of the essence of the globalization process, its scope and impact on various social sectors. Quantitative assessment of globalization is a complex matter, since there is no generally accepted valuation methodology. Different quantitative indicators are used in the separate spheres of globalization: economic, cultural, social, and political. A need to measure the phenomenon of globalization as a whole, to establish an integrated set of indicators, presents itself. Attempts to assess the extent of globalization with one complex set of indicators are a new phenomenon, which has not been studied sufficiently. [.]
Monograph of Alina Grynia (PhD) "International Competitiveness of the Lithuanian Economy upon Accession to the European Union. Achievements and Postulate Directions for Change "is a comprehensive and in-depth study of a rather complex and complex topic [international competitiveness]. The approach presented is inherently interdisciplinary. The book's value is not only that it is a new look at the theory of international competitiveness, but it is equally important that it describes the modern economy of Lithuania in a new way. The aim of the work was to develop a theoretical model of the process of sustainable competitiveness of the country's economy and to perform empirical analysis of changes in the country's economic potential and changes in Lithuania's competitive position after the EU accession
Monograph of Alina Grynia (PhD) "International Competitiveness of the Lithuanian Economy upon Accession to the European Union. Achievements and Postulate Directions for Change "is a comprehensive and in-depth study of a rather complex and complex topic [international competitiveness]. The approach presented is inherently interdisciplinary. The book's value is not only that it is a new look at the theory of international competitiveness, but it is equally important that it describes the modern economy of Lithuania in a new way. The aim of the work was to develop a theoretical model of the process of sustainable competitiveness of the country's economy and to perform empirical analysis of changes in the country's economic potential and changes in Lithuania's competitive position after the EU accession
Monograph of Alina Grynia (PhD) "International Competitiveness of the Lithuanian Economy upon Accession to the European Union. Achievements and Postulate Directions for Change "is a comprehensive and in-depth study of a rather complex and complex topic [international competitiveness]. The approach presented is inherently interdisciplinary. The book's value is not only that it is a new look at the theory of international competitiveness, but it is equally important that it describes the modern economy of Lithuania in a new way. The aim of the work was to develop a theoretical model of the process of sustainable competitiveness of the country's economy and to perform empirical analysis of changes in the country's economic potential and changes in Lithuania's competitive position after the EU accession
Monograph of Alina Grynia (PhD) "International Competitiveness of the Lithuanian Economy upon Accession to the European Union. Achievements and Postulate Directions for Change "is a comprehensive and in-depth study of a rather complex and complex topic [international competitiveness]. The approach presented is inherently interdisciplinary. The book's value is not only that it is a new look at the theory of international competitiveness, but it is equally important that it describes the modern economy of Lithuania in a new way. The aim of the work was to develop a theoretical model of the process of sustainable competitiveness of the country's economy and to perform empirical analysis of changes in the country's economic potential and changes in Lithuania's competitive position after the EU accession
Monograph of Alina Grynia (PhD) "International Competitiveness of the Lithuanian Economy upon Accession to the European Union. Achievements and Postulate Directions for Change "is a comprehensive and in-depth study of a rather complex and complex topic [international competitiveness]. The approach presented is inherently interdisciplinary. The book's value is not only that it is a new look at the theory of international competitiveness, but it is equally important that it describes the modern economy of Lithuania in a new way. The aim of the work was to develop a theoretical model of the process of sustainable competitiveness of the country's economy and to perform empirical analysis of changes in the country's economic potential and changes in Lithuania's competitive position after the EU accession
Monograph of Alina Grynia (PhD) "International Competitiveness of the Lithuanian Economy upon Accession to the European Union. Achievements and Postulate Directions for Change "is a comprehensive and in-depth study of a rather complex and complex topic [international competitiveness]. The approach presented is inherently interdisciplinary. The book's value is not only that it is a new look at the theory of international competitiveness, but it is equally important that it describes the modern economy of Lithuania in a new way. The aim of the work was to develop a theoretical model of the process of sustainable competitiveness of the country's economy and to perform empirical analysis of changes in the country's economic potential and changes in Lithuania's competitive position after the EU accession
Ongoing economic globalization processes of the late decades and the increasing integration of markets and societies have changed the world and the traditional intercourse among states. The importance of economic interests of countries is constantly rising. Academic literature often mentions and existing tension (competition) between politics and economics. That is why there is a question,- are these interests compatible or competing in Lithuania? The object of this study: Lithuanian economic interest representation and the interaction among economic and political interests of the state. Purpose: to find out how important are economic interests in the contemporary Lithuanian foreign policy; in what way and how much can they influence it. In order to implement the main purpose of this study these objectives are being met: To review the interpretation of the relation between economics and politics in the internationa relations discipline; To analyze which [and in what extent] economic interests are being mentioned in the most important foreign policy documents and what is their significance in those documents; To explore the institutionalization of economic interest representation; To identify the weaknesses of economic interest representation in foreign countries; To study the interaction between economic and political interests according to the most important Lithuanian foreign policy regional courses - Europe, CIS, Asia and America; To propose recommendations for the improvement of Lithuanian economic (diplomacy) foreign policy. Lithuanian economic interests in this study are considered as the promotion of common economic relations (foreign trade) and of the export of nations products and services; attracting of foreign direct investment, protection and representation of the interests of the national economy subjects. After implementing the objectives of this study the following conclusions were derived: • The ongoing globalization processes transform the foreign policies of many countries. Representation of economic interests is becomming one of its essential elements. • Since the regaining of independency economic and foreign policy were considered as two different areas. Membership in the EU has highlighted the importance of economic interest representation and the necessity to integrate them into the common foreign policy. • Lithuanian institutions, responsible for shaping and implementing foreign policy, consider economic interests in different ways; • Lithuania has adopted the competetive model of economic diplomacy; • Lithuanian economic diplomacy has the following weaknesses: - Lack of coordination among the most important institutions which shape and implement economic diplomacy; - The absence of a unified Lithuanian economic diplomacy strategy; - No "country marketing" (image strategy, country branding) has been created yet; - The lack of "aggression" in Lithuanian diplomats who coordinate economic affairs; - Failing communication among businessmen and diplomats; In order to improve the representation of Lithuanian economic interests and their protection in foreign countries the following measures ought to be implemented: • Protect the national interests in the EU more actively; • Reduce the tensions between politics and economics in the cases of Russia and Belarus; • Significantly strengthen the diplomatic-economic representation in Asian countries; • Use good political relations and the transatlantic partnership in achieving economic aims in America;. • Improve the coordination of actions among the institutions which implement economic diplomacy; • Regulate and separate the functions of the institutions implementing economic diplomacy more clearly; • Create a unified strategy for the representation of Lithuanian economic interests. • Pay more attention to economic diplomacy as a discipline in universities.
Ongoing economic globalization processes of the late decades and the increasing integration of markets and societies have changed the world and the traditional intercourse among states. The importance of economic interests of countries is constantly rising. Academic literature often mentions and existing tension (competition) between politics and economics. That is why there is a question,- are these interests compatible or competing in Lithuania? The object of this study: Lithuanian economic interest representation and the interaction among economic and political interests of the state. Purpose: to find out how important are economic interests in the contemporary Lithuanian foreign policy; in what way and how much can they influence it. In order to implement the main purpose of this study these objectives are being met: To review the interpretation of the relation between economics and politics in the internationa relations discipline; To analyze which [and in what extent] economic interests are being mentioned in the most important foreign policy documents and what is their significance in those documents; To explore the institutionalization of economic interest representation; To identify the weaknesses of economic interest representation in foreign countries; To study the interaction between economic and political interests according to the most important Lithuanian foreign policy regional courses - Europe, CIS, Asia and America; To propose recommendations for the improvement of Lithuanian economic (diplomacy) foreign policy. Lithuanian economic interests in this study are considered as the promotion of common economic relations (foreign trade) and of the export of nations products and services; attracting of foreign direct investment, protection and representation of the interests of the national economy subjects. After implementing the objectives of this study the following conclusions were derived: • The ongoing globalization processes transform the foreign policies of many countries. Representation of economic interests is becomming one of its essential elements. • Since the regaining of independency economic and foreign policy were considered as two different areas. Membership in the EU has highlighted the importance of economic interest representation and the necessity to integrate them into the common foreign policy. • Lithuanian institutions, responsible for shaping and implementing foreign policy, consider economic interests in different ways; • Lithuania has adopted the competetive model of economic diplomacy; • Lithuanian economic diplomacy has the following weaknesses: - Lack of coordination among the most important institutions which shape and implement economic diplomacy; - The absence of a unified Lithuanian economic diplomacy strategy; - No "country marketing" (image strategy, country branding) has been created yet; - The lack of "aggression" in Lithuanian diplomats who coordinate economic affairs; - Failing communication among businessmen and diplomats; In order to improve the representation of Lithuanian economic interests and their protection in foreign countries the following measures ought to be implemented: • Protect the national interests in the EU more actively; • Reduce the tensions between politics and economics in the cases of Russia and Belarus; • Significantly strengthen the diplomatic-economic representation in Asian countries; • Use good political relations and the transatlantic partnership in achieving economic aims in America;. • Improve the coordination of actions among the institutions which implement economic diplomacy; • Regulate and separate the functions of the institutions implementing economic diplomacy more clearly; • Create a unified strategy for the representation of Lithuanian economic interests. • Pay more attention to economic diplomacy as a discipline in universities.
Globalization is a process that nobody can stop. The best solution for the defense is to stop the resistance against this process. Globalization does not give heed to borders; it progresses every day and involves all domains of the country. Globalization is understood as a growing interdependence of world economy, as an economic integration of different countries through an international trade, the movement of capital and the movement of people with their feelings and knowledge. Globalization is the penetration of the global market into the life of the countries, caused by the strengthening international financial markets, rising world trade, creation of multinational business and progress in telecommunications. General globalization processes show the benefit of free economic relations between the states for all participating countries. Increased capital mobility limits the opportunities of economics politics and develops pressure for the market to implement useful politics. The benefits of globalization are obvious: it is faster growth, higher standards of life and new opportunities. The phenomenon of globalization seems to weaken the traditional power and sovereignty of nation-states, since much of the aspects seem to be out of control for the states. On of the means of market's mergers between Lithuania and foreign countries is foreign direct investment (FDI), international trade and migration. These are the key factors for moving globalization process toward different countries. With expensive and limited capital resources in Lithuania, lack experience in using modern management and marketing methods, globalization helps to promote the growth of industry and export, to get more FDI, to compete in global market. After an entrance into EU, Lithuania has developed its economic very much. Following this FDI, world trade also are getting higher (there a lots of figures and tables in the work that sow it). Opened boards let the people more easily to migrate. Companies, which get FDI, do the export and invest in foreign countries, have larger and faster labor increase productivity, establish more work places, pay larger salaries and faster develop their activities. Because of their size and that they are in a lot of countries they can more easily and with lower costs reach materials, technologies, various products and services. Performed research shows that lots of companies are satisfied the process of globalization and are to step into another level.
