Issue №13. December 2007

Social Economy in the Age of Globalization

Ph.D., Professor, Catholic University of Applied Sciences of North Rhine — Westphalia.

The article is devoted to the problems of social economy in the age of globalization. The author states that the global free market is not the result of a competition between different economic systems, defines the limits of globalization and postulates that modern European culture is necessary for the existence of a socially-oriented market economy. The article demonstrates that social economy means good regulation and there is a close connection between social economy and the European Union. The author also insists that social economy is impossible without education.

Keywords

Socially-oriented market economy, globalization, global free market, European Union, education.