GLOBALISATION AND ITS AFFECT TO DEVELOPED AND DEVELOPING COUNTRIES, CASE STUDY REPUBLIC OF NORTH MACEDONIA

Globalization is current and inevitable process, which brings good things (like capital flow, technology transfer, export) and some side effects (like pressure on domestic production, interfierence in economic policy and economic dependence of countries). Accumulation of wealth is one of globalization triggers. Half of world capital is owned by developed countries, while others are fighting to gain better position. Asia has the fastest accumulation of wealth and development. In 2017, China was ranked first economy in the world (considering inovations). It was projected that China’s GDP will double by 2020. Qatar is the ritchest country in the world with the highest living standard and third by resources of natural gas. In the second half of 20th century, Luxemburg is considered financial center. Singapour is also among the ritchest countries and lider in technological inovation. Globalization led to coorporations controling economies, finances and technology, using developing and postsocialistic countries in accumulation of even bigger wealth. They are big enough to negotiate rules and taxes with smaller countries, and often they build monopol position in these economies. The big corporations come from the developed countries and that is why globalization contributes to wealth accumulation. This triggers the global distribution of industry as well – labour intensive industries in poorer countries, eco-unfriedly technology in less developed countries. In addition, while people in less developed countries are struggling to survive, globalization imposes change of cultural and hystorical values. Smaller economies spend their resources without any benefit, built bigger public debt; lose jobs, bassicaly they struggle. So intervention is needed by institutions, better management, fight with coruption and criminal. These economiess have limited opportunitites for increasment of production, productivuty, and competitivnes and by that economic growth. So they need to work on the export structure with know how transfer and help of the FDI. This paper uses methods as analyses, deduction, induction, syntezis and comparative analyses. In further period, it is expected that the globalization will induce changes in economy and politics and progress. The question how to decrease the gap between poor and rich countries remain.