Concise Characterization Of The Evolution And Bearings Of Worldwide Economy
AbstractThe current worldwide economy met deep changes, especially in the last decades, changes which had major effects over business area and determined the adoption of some decisions, at the level of main actors of economic life, which allow them to get through with new challenges. To that effect, strategies have been rethought so that trading companies, as main motor of worldwide economy, adapt to new requirements imposed by the market. At the present day, worldwide economy is characterized by a high degree of internationalization. Today, more than ever, we can talk about the existence of some economic independences generated by the existence of a world market formed as a result of relations established between national economies and which function as a process of internationalization of production and recession factors of international division of labor by the agency of exchange relationships between economic entities in different countries. This tendency manifests itself more and more in the evolution of world economy, relating to which we can affirm that lack of balance produced within a national economy (a conclusive example is the case of the crisis produced by mortgaging in the USA) can generate a wave of dysfunctions developed in all sectors, at the level of the entire world economy. Thus, we assist at a real domino effect produced because of economic interdependences and which does not sum up only to one sector of activity or more than a national economy, but at the level of the entire world economy.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.
Volume (Year): 1 (2010)
Issue (Month): 38 (May)
critical; globalization; world economy; transnational companies; international trade; mergers and acquisitions;
Find related papers by JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
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