GLOBALISATION PROCESSES IMPACT ON LATVIAN INSURANCE MARKET DEVELOPMENT
Abstract
In globalization circumstances the economy of each country is viewed and evaluated not only individually, but also in global and regional context. It allows determining the level of development of a definite country in comparison with global, regional and other countries’ indices, its impact and contribution to the global economy, as well as it helps to detect global and regional impact on the economy of a definite country. The authors identified factors affecting the insurance industry, have analized the possibility of business environment to adapt and determined development potential of the Latvian market in context of globalization.References
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