The influence of globalization on emerging markets and economic development (based on the LLC "Kolchuga" case)

Abstract

The paper examines the phenomenon of globalization as one of the main drivers of the economic development of emerging markets, as well as the advancement of Ukraine and Ukrainian business under the impact of world liberalization. The work outlines theoretical approaches to globalization aspects along with practical approaches to estimating economic and political integration of Ukraine based on numerical evaluations and reveals the most integrated sector. The adverse effects of global interdependence on emerging economies were researched. The example of a Ukrainian international company was analyzed for the purpose of demonstrating the direct result of worldwide interconnection. The study investigated the current economic and social growth of the leading emerging market economies under the ongoing war pressure and ascertained two-dimensional outcomes. The analysis of policy recommendations was conducted and the number of personal proposals was determined.