Globalisation, as a process of accelerated economic integration that results in the homogenisation and unification of the world, the removal of obstacles to the movement of goods, capital, ideas and people, is based on the free market doctrine as a unique mechanism for managing the economy and society as a whole. The aim of this research is to analyse the policy of managing privatisation and foreign direct investment as carriers of the modern process of globalisation in transition countries. It is not an easy process for transition countries like ours, which have moved from a central to a free-market economy, with many failed privatizations, with outdated technology, an economic recession, and an unfinished transition process to remain competitive while working to conserve and enhance significant domestic resources. Privatisation, which is, among other conditions, the basic condition for opening up the domestic economy to the world market, results in an increased unemployment rate, which, in turn, results in enormous social disparities. Bosnia and Herzegovina, as well as other countries in transition, were forced to create the conditions for inflow and management of foreign direct investments in order to create a good platform for the development of the national economy, since the countries in transition do not have a modern economy, sufficient resources and the necessary technical - technological development. Therefore, the national economy of countries in transition with the inflow of foreign direct investment can have both positive and negative effects.

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