The phenomenon of globalization has affected the business cycle synchronization in many EU countries and has increased transnational economic activities. In today’s globalized economy, foreign direct investments (FDI) and trade relations are considered to be the main vectors of globalization....

The phenomenon of globalization has affected the business cycle synchronization in many EU countries and has increased transnational economic activities. In today’s globalized economy, foreign direct investments (FDI) and trade relations are considered to be the main vectors of globalization....