Maja Vizjak – Faculty of Economics and Tourism Dr. Mijo Mirković, Pula, Croatia
Marin Romić – University College Algebra, Ilica 242, Zagreb, Croatia
7th International Scientific-Business Conference – LIMEN 2021 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Online/virtual, December 16, 2021, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-54-7, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2021
Keywords:
Globalization effects;
Globalization index;
Integrations;
KOF globalization index in
the Republic of Croatia;
Virus Covid-19
Abstract
Globalization processes create new organizational, economic and many other changes within society. There are many positive and negative social effects, and globalization is treated as an important part of the new world order and as a way of adapting and promoting new social values. It is increasingly turning into a new concept within the action of social relations as it encourages the opening of a new era of development. Under the influence of globalization, new directions of economic development in Croatia have been opened and this is an important scientific issue. There are numerous benefits of globalization and differences in speed and approach have often been driven by regional trends, policy opportunities and economic factors. Croatia has a continuous and constant development of globalization parameters measured according to the KOF globalization index with occasional turbulent periods that resulted in short-term declines in correlations. The Covid-19 pandemic has turned into a major disaster for the global economy and it is clear that the further development of global relations will take some new dimensions. This paper aims to establish the correlation between the globalization effects and related integration processes in the world with the detection of the situation in the Republic of Croatia. The scientific contribution is manifested through knowledge of the laws that govern globalization processes and inclusive forms of their further development.
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