The evaluation of interdependence between economic development and scientific and technological progress in the context of globalization (European countries and Ukraine are chosen as examples)

• Authors: Hrechko Alla
• Languages of publication: EN

Abstracts

Today,the research of globalization is becoming more and more popular because we are living in the era of not only the total companies integration, but also countries integration that can’t be separated, since it is not economically effective to create a closed cycle of production-consumption».Technologies develop quickly and give an opportunity to use global networks, which allows us, on the one hand, to give quick information about all products, to compare itwith the other goods, to find substitutes with lower prices and higher quality, if it is necessary, and without much difficulty to buy goods from any part of the world. On the other hand, companies have the opportunity to give customers information about their products by using the global network and as a result, decreasing their costs. The globalization processes are irreversible, so corporations and governments must adapt to the trends that arise in different areas and try to use the advantage of the globalization processes. Accordingly, today, the quick development of the economic environment needs to be used in the production process are not only traditional factors ofproduction but scientific and technical achievement.

Keywords

EN

GDP per capita, development, scientific and technological progress

• Publisher: Wydawnictwo WSEI Kraków
• Journal: Zeszyty Naukowe Wyższej Szkoły Ekonomii i Informatyki w Krakowie
• Year: 2020
• Issue: 16
• Pages: 47-65

Contributors

author

Hrechko Alla

References

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