CHANGING REALITIES OF CONTEMPORARY LEADERSHIP - NEW OPPORTUNITIES FOREASTERN-EUROPE

In recent years the power of effective decision making has gradually s hifted to the private sector. Today, global corporations interact with many processes that are essential for the well-being and even the sur vival of entire societies and populations. This means that the new dem ocracies of Eastern Europe need to adapt not only to emerging global m arkets, but also to global actors on the markets by entering into join t ventures, strategic partnerships and other innovative forms of coope ration with capital and technology-strong multinational enterprises. T he economies that meet the challenge of competition in today's interde pendent and globalized environment are those who, like Japan, muster t he diligence and motivation to enter global markets in mutually benefi cial relations with the dominant market forces.