THE IMPACT OF GLOBALIZATION ON THE DIGITAL ECONOMY IN BULGARIA

Abstract

Globalization is the reason for significant changes in all spheres of life. Its effects on the world economy have been observed for a long time. The impact of globalization is an important economic matter and its research is as important. The aim of this research is to track the trends in the development of the digital economy in Bulgaria and the corresponding occurring change which follow it. Bulgaria established itself as one of the key centers for innovative development in 2018 and one of the reasons for that is precisely the globalization in the sphere of economy and information and communications technologies. The country’s digital economy forestalls the trends and grows 2.5 times faster than the economies of the big five on the European Union’s market. The transformation of the Bulgarian economy would increase its competitiveness and would place it at a leading position in the region. Due to these and many other reasons it is important for these matters to be analyzed from a scientific point of view. This paper contributes for the clearer formulation and understanding of the matters related to globalization as a whole, but also for tracking its impact on the state of digital companies in Bulgaria. Similar research can be applied and further developed for each and every European country and more.