Globalization is an important factor in the development of the world economy. It is a phenomenon that brings prosperity, but in the same time problems in various areas of society. Population explosion, environmental, material and energy problems, loss of pro-social behaviour, educational differences contribute to the deepening of economic and social inequality of individuals. The effects of globalization are also reflected at the local level, mitigation is possible only through joint efforts. In the area with social conditions deterioration and employment opportunities find their place organizations of the social economy. Social Economy was established in response to the needs of society caused by an increase in unemployment and poverty, unfavourable demographic development, social marginalization, social exclusion and family crisis. The problems during the global financial and economic crisis deepened and led to innovative approaches search to address them. The social economy applied to a market economy is a successful and promising form of business. Based on foreign experience and in eastern European countries, including Slovakia, are created new business models in the social economy. Social entrepreneurship is a modern tool of social economy and social policies to take various legal forms, using hybrid method of financing. This paper focuses on the analysis of the current state of the social economy and the prospects for its development in Slovakia with emphasis on different aspects of the municipal social enterprises.