THE DEVELOPMENT OF ECONOMIC COMPETITION IN CONDITIONS OF INCREASING PROCESS OF GLOBALIZATION

Abstract

Abstract. Competition between participants of market environment is a driving force of economic
system development and a guaranty of its progressive changes. In conditions of broadening
modern level of globalization the questions of increasing the competitiveness of national
economy obtains a great importance. In order to provide successful financial and economic activity
of companies it is very important to conduct the monitoring of competitive environment
where are functioning the economic agents. To analyze an evolution of the views of leading scientists
in the competition theory, who paid great attention to that topic, sounds reasonable with
regards to historical experience relating to cyclicity of economic development. At the same time
exists a necessity to highlight the negative aspects of competitive appearance. In consideration
to dynamism of competitive relations development the main tendency of cooperation between
business entities should be discovered by taking into account the changes of competitive environment
due to global processes and differences of theirs legal regulation in EU countries and
USA.
Key words: economic competition, competitive relations, competitive environment, globalization,
business entity.