GLOBALIZATION – FACTOR OF BALANCE OR BALANCE BREACH OF ECONOMIC ACTIVITIES IN THE COUNTRY
GLOBALIZATION – FACTOR OF BALANCE OR BALANCE BREACH OF ECONOMIC ACTIVITIES IN THE COUNTRY

Summary/Abstract: Globalization of the economy from the standpoint of economic theory is a step in the development of socialization of production - the historical process that begins with the formation of the social division of labor in individual countries, and then goes beyond national borders. The emergence of the international division of labor and complementing its international production specialization and cooperation are the stages of the globalization of production, objectively predetermines the appearance of global products and global reproduction ratios. The present level of international division of labor has led to a situation in a world that virtually no country, economic activity which would have been isolated from the outside world and economic processes locked within the nation state. Foreign trade of a relatively isolated economy to compensate for the lack of certain types of resources and products has turned into a universal element of economic life. It is not seldom has an impact on all key processes, including long-term growth, the acceleration of technological development, increasing economic efficiency. Foreign trade of the Republic of Moldova is of great importance and directly affects the economic development of the country, reflecting the dependence of the state's economy on external factors, that is, the degree of involvement in the process of globalization.

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