Features of competition and development of markets in an age of globalized economy

  • Dr.Sc. Skender Kërçuku


The fall of communism in Eastern Europe in the beginning of the 90-ies of the 20th century marked the beginning of a historical process of triumph of market economy in a wide geographical area and a large population, which had to have an influence on global developments. This age is characterized not only by a comprehensive ruling of capitalist market economy, but also by a series of important structural changes in economies of various countries, national and international mechanisms of market functioning, and relevant institutions thereto. Distinct authors have various opinions on characteristics and positive and negative outcomes of a globalized economy era. Some consider the globalization of world economy as a quantitative and qualitative expansion of market economy throughout the world, similar to the situation before the World War I. Other more serious authors consider the globalization of world economy as a new qualitative era, with important consequences on many areas.


Ignacio Ramone: Le krah parfait: Crise du Siecle et refondation l’avenir .Edition Galilee 2009.

Michel Aglietta: Le crise .Edition Michalon Paris 2008

George Soros: The Crisis of Global Kapitalism: Open society

John Gray “False Down: The delusions of Global Capitalism

Jerry Mander and Edward Goldsmith:”The Case Against the Global Economy”

Juliet B.Schor: “The Overworked America”

Jeffrey Madric:”The End of the Affluence”.

Weekly British “The Economist”, 2009-2010

EU Central Bank materials and publications: www.ecb.com: a) History, Role and Functions by Hanspeter K.Scheler 2ed.2006 b) the monetary Policy of the ECB.Second edition. c) Price Stability: Why is it important for you? ç) Annual Reports of ECB, 2000-2009. d) Financial Stability Review June 2010

Materials and data from International Business Times (www.ibt.com):

IBT Commodities b) Economic Monitor Report c) Inside IBTimes.com.

Materials of Reuters www.reuters.com



http//www.goldprice org.


Original Research Articles