The research “Globalization as a market failure remedy: the case of modern monopoly” gives wide description of monopolization process’s nature, foundation source, development procedure and actuality in the field of modern entrepreneurship, as well as evaluates its stimulated social losses and retrievable benefits. The main question of the aforementioned research is definition and quantitative analysis of monopolization process’s effects in the context of the Latvian industries as composing element of a small open economy, directly subject to the influence of the globalization process, while constructing an empirical model of the researched dilemma with the use of international historical experience of monopoly formations standings. The current research uses a vast variety of monopolization evaluation ratios and their econometrical updates on companies that are involved in the study procedure in order to detect and numerically measure their market monopolizing potential, based on the implemented price policies.