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• W1200381325 abstract "AbstractThere are many types of econometric models used in predicting the inflation rate, but in this study we used a the paper explores the possibilities of technology development in terms of In the beginning the characteristics of are analyzed. These questions are looking for answers which are the basic directions for technology development which influence the choice of business strategy. The basic technology paradigms in terms of globalization, which dictate the technology development, are analyzed there: knowledge, innovations, renewable recourses of energy and information and telecommunication technology. All these categories are presented through the case of the Republic of Macedonia. The goal of the paper is to show that with bigger education, innovations, renewable energy and information technology, Republic Macedonia can survive at the global world market.Keywords: Globalization, technology development, technology paradigms, competition, Republic of Macedonia.Jel Classification: O3INTRODUCTIONIf we had to choose just one term which symbolizes the spirit of today's time, it certainly would be the term globalization. Globalization is a process that in today's world gradually abolishes restrictions on the flow of material goods, services, people and ideas between different countries and parts of the world. Companies are becoming global, act at global market and need to survive in conditions of global competition.The term globalization is widely used to describe the growing internationalization of production, growth factors, the financial market and the market of goods and services.The most characteristic features of are (OECD 2005, 16-18):· Reducing trade restrictions. In fact, there are no boundaries to act, businesses are global and operate in the global market;· External direct investment become a major factor in the process of industrial restructuring and the development of global industries;· Major role in the economic internationalization have transnational firms. They have the largest share in cross-border trade;· The international spread of technology comes to simultaneous shortening of the production cycle of technological innovation;· Matching global competition in the markets between numerous new competitors from around the world;· Reduce time and distance in international transactions and reduce transaction costs;· Matching larger number of regional free deals.Major technological paradigms in the time of are knowledge, innovation and renewable energy. Also, new information technologies as a foundation of development are reviewed.In such conditions of action acting, every economic sector suffers major changes. In the process of adaptation to the global economy, the economic sector is increasingly focusing on the use of intangible non-material factors of growth. This orientation implies priority of renewable resources in the areas of their production, distribution and use.1. THE BASIC TECHNOLOGY PARADYGMS IN TERM OF GLOBALISATIONIn the past the competition was reached achieved primarily by the price factor. In today's conditions of lasting competitiveness can be ensured only with knowledge, innovation and renewable energy sources. Technological, social and economic changes dictate the development of society. For solving technological problems defined models or types of forms are used, which are called technological paradigms (Popovska 2002, 63-65). Any level of scientific and technological progress is characterized by determined technological paradigms. Below we will focus on the basic technological paradigms: knowledge, innovation and renewable energy.1.1. KnowledgeIn the conditions of globalization, the importance of knowledge grows. Countries that have more knowledge are more successful in the global market and can survive longer in the global competition. …" @default.
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• W1200381325 date "2015-06-01" @default.
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• W1200381325 title "BASIC DIRECTIONS OF TECHNOLOGY DEVELOPMENT IN TERM OF GLOBALIZATION: REVIEW OF MACEDONIA" @default.
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