English Abstract: In order for a small country, such as Serbia, to be included in the trends of the modern world market primarily depends on the quality of the functioning of domestic enterprises as leaders of the economic integration. This serious and responsible task should enable domestic...

We analyze diversification of boundaries of local firms in developing countries under the economic globalization. The globalization has an aspect of homogenization of the world economy, but also has another aspect of diversification through international economic activities. Focusing on...

The rapid internationalisation of the Polish economy has helped develop competitive export-led manufacturing and services sectors fostering robust growth and productivity performance. However, the benefits of this development have been unequal. Many small and medium-sized enterprises (SMEs),...

Most researchers prefer to analyse the competitiveness and innovativeness of metropolitan areas. In this study we have the intention to characterize the small- and medium-sized cities in the Central and Eastern European region, as well as to explore their possible development path. We believe...

The relevant literature finds the main advantages of financial globalization to be indirect. In the last two decades it has also been realized that traditional Solow factors are “proximate” causes of growth: they depend on “fundamentals” in which institutions play a primary role. We...

There exist a plethora of developing country value chain studies based on a variety of methodological approaches, both in the academic literature and through policy reports. However, there has been little systematic synthesis of the findings and approaches taken in these studies. This study...

The increasing openness of economies and the phenomenon of globalization has led to know-how and innovation becoming the key factors for business in terms of competitiveness. Thus, the fact that the activities and services are increasingly innovative means that the construction of innovation is...