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Evolutive Pattern For The Economic Globalization

Author

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  • SILVIU-MARIUS ŞEITAN

    (Center of Financial and Monetary Researches, Romanian Academy, Bucharest, Romania)

Abstract

The necessity to identify and implement a solution for the region subject to the process globalization appeared due to the following reasons: during the stage of evolution of the process of globalization, there is no kind of coordination of this process towards the accomplishment of its goals, the character of this process being determined by the multitude of microeconomic processual elements coordinated from particular levels; therefore, the only objectives to be achieved are microeconomic by their nature, and there is a risk that adverse effects appear at the macroeconomic levels in relation with the specific objectives of the microeconomic level; the possible configuration of a global system of process administration is outrun temporally by the evolution of the global real economy. This entire period, represented by the stage of evolution of the process of globalization, is characterized by the lack of risk management capacity, the only such capacities, possibly to be activated, being those at the local level, but they have a low efficacy compared to the global nature of the risk and effects.

Suggested Citation

  • Silviu-Marius Şeitan, 2014. "Evolutive Pattern For The Economic Globalization," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 181-196, May.
  • Handle: RePEc:cmj:journl:y:2014:i:5:seitan
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    More about this item

    Keywords

    Globalization process; Sustainability; Risk; Development;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook

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