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Determining Factors of Economy Globalisation

Author

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  • Mirela Mazilu

    (University Centre Dr. Tr. Severin)

Abstract

Approached from an economic and financial point of view, globalisation can be defined as strengthening and widening the connections between the national economies on the global market of goods, services and especially the capitals. Globalisation has become an implacable objective process, which often unfolds at a very high speed, comprising the quasi-total of the world's states in its sphere. Under a strictly economic aspect, of the efficiency of allocation and use of the resources, the economic globalisation occurs as a rational phenomenon, which supplies a larger volume of goods and services with less and less resources. The economic globalisation, thus, means the globalisation of the process of creating the gross internal production of the world's states.

Suggested Citation

  • Mirela Mazilu, 2010. "Determining Factors of Economy Globalisation," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 135-142, December.
    • Handle: RePEc:cbu:jrnlec:y:2010:v:4.ii:p:135-142
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