Where is the World Economy in the Globalization Process?

Abstract

Globalization is difficult to characterize, because it takes place on many different levels. Even if one could agree on "hard " facts, yet it would not be clear how such information would affect the actions of economic and social participants. At present, dramatic global change processes are taking place within the economic sphere, which permit one to speak of a new quality of internationalization and regionalization of economics. This has led to the use of the new term "globalization" to describe this development. However, in terms of such factors as capital structures, management and the location of research and development facilities, the term "globalization," is not applicable. Therefore, we should rather refer to a further internationalization and regionalization of the global economy.

Keywords

Globalization, Globalization and Regionalization in the World Economy, Globalization of Production, Globalization of Financial Markets, Economic and Social Effects of Globalization

Citation

Fındıkçı, Aydın, “Where is the World Economy in the Globalization Process?”, International Relations, Volume 3, Issue 9 (Spring 2006), pp. 21-49.

Affiliations

• Aydın Fındıkçı, Dr., Munich Ludwig Maximilians University