6533b82dfe1ef96bd129152a
RESEARCH PRODUCT
Economic Globalization: From Microeconomic Foundation to National Determinants
Silvia Margineansubject
micro and macro determinantsGeneral EngineeringEnergy Engineering and Power TechnologyFoundation (evidence)Economic globalizationGlobal politicsGlobalizationPoliticsWorld economymearsuring globalizationEconomicsMacroEconomic systemglobalization definitiondescription
Abstract For many years, globalization was at the main source of economic growth for the world economy. During and after the 2009 crisis many questions about the positive effects of globalization have arisen. In this paper we argue there are two dimensions of economic globalization, micro and macro, and the perspectives of globalization is more related to the microeconomic determinants. Looking to the definitions and measures of globalization we conclude that for most of the countries the macro dimensions are important and many of them irreversible and not questionable in these days – barriers of trade, political integration, etc., but the microeconomic behavior of individuals and companies are the engine in this stage of globalization.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2015-01-01 | Procedia Economics and Finance |