Evolution of economic boundaries in conditions of European integration and globalization

Abstract

Paper consists of introduction, three parts, and conclusions. The nature of economic boundaries in the globalization era is discussed and the definition is offered in the first part: economic boundary is the one beyond which other conditions of activity prevail, or such activity is not possible at all. The economic boundary presently is more political rather than an economic concept. Formation of international administrative structures and activity of international corporations as two ways of disappearance analysis of economic boundaries are introduced in the second part. Changes of directions and volumes of Lithuanian foreign trade during last two decades as examples of disappearance of Lithuania’s economic boundaries are presented in the third part. Those changes are named as the proof of Lithuania’s economy as the whole and its subjects (enterprises) ability to react to the changes caused by integration processes in the conclusions