THE IMPACT OF GLOBALIZATION ON THE FINANCIAL SUSTAINABILITY AND LOGISTICS INFRASTRUCTURE OF TRANSITION ECONOMIES

The article investigates the transformation processes of financial systems and logistics infrastructure of transition countries in the conditions of globalization of financial markets. It has been determined that, in general, certain improvements have been achieved in ensuring financial stability in the transition economies over the past ten years. Countries with transition economy are at an average level of integration in the global environment in terms of economy openness. Access to international markets and infrastructure is one of the negative integration factors. The quality of logistics infrastructure remains at low level for most transition economies. Transition economies have experienced declining capital sufficiency over the past ten years. With an increase of the of openness level, transition economies face problems of reducing financial stability, manifested in a decrease of the capital adequacy level of the financial sector. The level of financial instability has been increasing. Herewith, globalization has a positive effect on the quality of financial assets of the financial sector in transition economies. These tendencies are driven by improved market access and infrastructure development. There was no significant link between the globalization of transition economies and the return on assets and capital of the financial sector, logistics infrastructure.