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Impact of global crises on private business bankruptcy. Source: CIEC, Global Economy Data, 2020.

Impact of global crises on private business bankruptcy. Source: CIEC, Global Economy Data, 2020.

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One of the main challenges of the globalization became the increased destabilization and frequent economic crises. In general, managing an economic crisis is a particularly difficult task for any economy (developed or developing, and regardless the size). In the context of globalization, the process faces additional challenges. On the one hand, the...