SOCIOECONOMIC AND ENVIRONMENTAL EFFECTS OF GLOBALIZATION ON THE TRANSITIONAL ECONOMIES OF EASTERN AND CENTRAL EUROPE.

The article presents a study which investigates the socioeconomic and environmental impact of globalization on the transitional economies of Eastern and Central European countries. It examines the success and failures of business enterprises operating during the period of socioeconomic transition to identify dynamics of globalization in the region. It notes that countries in the area previously based their economic activities on central economic planning.