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RESEARCH PRODUCT

Is globalization a fair process? Globalizers vs. globalized

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Globalization means that domestic economies are becoming more and more intertwined and mutually dependent on each other. Unfortunately these globalization processes are asymmetrical. This determines that there are different groups of participants of globalization - globalizers, active participants and marginalized. It seems quite obvious that globalizers are doing better economically than the others. But is this really true? The aim of this paper is to answer the question, if more globalized countries are really doing better economically than less globalized. To do this there was an analysis of relations between globalization and chosen economic indexes (inflation, unemployment, GDP per capita and BOP) led. For comparisons there were 10 "best" and "worst" countries according to each index chosen.