There are many types of econometric models used in predicting the inflation rate, but in this study we used a the paper explores the possibilities of technology development in terms of globalization. In the beginning the characteristics of globalization are analyzed. These questions are looking for answers which are the basic directions for technology development which influence the choice of business strategy. The basic technology paradigms in terms of globalization, which dictate the technology development, are analyzed there: knowledge, innovations, renewable recourses of energy and information and telecommunication technology. All these categories are presented through the case of the Republic of Macedonia. The goal of the paper is to show that with bigger education, innovations, renewable energy and information technology, Republic Macedonia can survive at the global world market.
globalization technology development technology paradigms competition Republic of Macedonia