Globalization is a vague concept, used for some time, whose various stages can be traced to the XV century. From the economic perspective it is the historical process of gradual liberalization followed by progressive integration of fragmented capital and commodity markets, the markets of...

Years after commencement of the systemic reforms in Central East Europe and the former Soviet Union the debate on the way of conducting reforms is still on. The main question remains: gradualism or radicalism? Unfortunately many countries decided to embark on a radical way of transformation...