This initial exploration into student perceptions and desired outcomes of international student exchanges and collaboration provides a snapshot in time of the thoughts on two small groups of students: Polish students studying in Chicago, IL in the US and Bosnian students using technology to interact with an American professor in the US. This paper can provide discussion prompts to address the specific interests of students for those academics involved student exchanges as well as those using technology to link students beyond geographic boarders.

We live in a time of brutal globalism, order in which developed national economies are establishing standards and rules of conduct. Domestic enterprises had to replace the national business environment with international (global) environment in order to survive, because businesses outside the national borders become the backbone of their growth and development. In an order of globalism, small-scale economies are dependent on those very big national economies which had just entered in a phase of recession, a span of time which is very hard to predict, but it is certain that their recession will have far reaching consequences for small-scale economies such as Bosnian. That gives us the right to say that it is the time for an alert! By which means can the economy of Bosnia and Herzegovina confront with the global economic (financial) crisis? This work should draw attention to that path, and that is the development of entrepreneurship. We are witnesses that entrepreneurship in the world is in a constant rise, and that entrepreneurship greatly contributes to the economic development of societies in which it operates. However, for the development of entrepreneurship it is necessary to be familiar with the market economic system. Unfortunately, economy of Bosnia and Herzegovina is still in the transition process that takes place very slowly and inefficiently, which will result with a greater burden in overcoming the consequences of the global economic crisis.