ABSTRACT
Economic inequality between people and states increases more rapidly than economic growth in the neoliberal world. Tendencies of relations globalization in the world are not equally acceptable in some parts of the world, in individual markets, and within different social groups. Globalization in all its aspects influences the change of inherited social standards and traditional habits of small, but also of large countries. Globalization brings a number of advantages for the development of small countries. The first, and probably the most important advantage for their development, is to open a relatively large market. Modern globalization leads to changes in the concentration of economic power by regions, country groups, and hemispheres. Modern globalization is acceptable for companies and investors because it strongly strengthens the role of individuals through innovation and increased productivity. The weakening of the relative economic power of developed countries and regions is accompanied by the strengthening of the relative economic power of developing countries and emerging markets.
