Globalization and it’s dimensions: an impact to lithuanian economics

Globalization is a process that nobody can stop. The best solution for the defense is to stop the resistance against this process. Globalization does not give heed to borders; it progresses every day and involves all domains of the country. Globalization is understood as a growing interdependence of world economy, as an economic integration of different countries through an international trade, the movement of capital and the movement of people with their feelings and knowledge. Globalization is the penetration of the global market into the life of the countries, caused by the strengthening international financial markets, rising world trade, creation of multinational business and progress in telecommunications. General globalization processes show the benefit of free economic relations between the states for all participating countries. Increased capital mobility limits the opportunities of economics politics and develops pressure for the market to implement useful politics. The benefits of globalization are obvious: it is faster growth, higher standards of life and new opportunities. The phenomenon of globalization seems to weaken the traditional power and sovereignty of nation-states, since much of the aspects seem to be out of control for the states. On of the means of market’s mergers between Lithuania and foreign countries is foreign direct investment (FDI), international trade and migration. These are the key factors for moving globalization process toward different countries. With expensive and limited capital resources in Lithuania, lack experience in using modern management and marketing methods, globalization helps to promote the growth of industry and export, to get more FDI, to compete in global market. After an entrance into EU, Lithuania has developed its economic very much. Following this FDI, world trade also are getting higher (there a lots of figures and tables in the work that sow it). Opened boards let the people more easily to migrate. Companies, which get FDI, do the export and invest in foreign countries, have larger and faster labor increase productivity, establish more work places, pay larger salaries and faster develop their activities. Because of their size and that they are in a lot of countries they can more easily and with lower costs reach materials, technologies, various products and services. Performed research shows that lots of companies are satisfied the process of globalization and are to step into another level