WHERE ECONOMY MEETS BORDERS: THEORETICAL CONSIDERATIONS

The goal of the paper is to examine the significance of borders in economic world. Forming multiple dimensions of borders; the analysis is focused on two aspects: borders as state-related phenomena and borders as social constructs and institutions. The present theoretical research emphasizes the economic significance of the differentiation function of borders for both nations and firms while designing their economic policies and business strategies. The conclusive part identifies possible directions through which connections between economic processes, decisions and border issues can be studied.