TRANSFORMATION OF NATIONAL ECONOMIES IN BOUNDLESS WORLD

Ever since second half of 20-th century national economies are constantly changing and the laborers are migrating among different economic sectors. Those changes are pushed forward by the bilateral free trade agreements at the beginning, and fueled by multilateral trade agreements later on. Foundation of international trade institutions made the world boundless and transformed it into one single market. Such environment made foreign direct investments and foreign outsourcing even more easier and transformation of national economies became more rapid and more radical. The growth rates achieved by developing countries in years 1990. and 2000. are until then unprecedented. The models of such transformations so far had similar pattern, but now is the question whether or not will such patterns be repeated or are there whole new model to be applied in volatile and fast changing world. International trade agreement, which so far used to be leverage of faster development, are being suspended by the countries who used to be leaders in foundation of such agreements and international organizations, and, furthermore, integration processes who strongly marked second half of 20th century, are slowing down and, even more, are changing direction into disintegration processes whose further repercussions are hard to anticipate. Despite new relations who are yet still appearing in the world, process of national economies’ transformations is unrestrainable, but the question is what kind of transformation it shall be. Therefore, a secondary research of available literature is performed, in order to anticipate possible models of economic transformations, and to anticipate preconditions that the national economies are to fulfil and provide in order to achieve further economic growth.