Globalisation and Integration Factors of Transformation of European National Models of Economic Development
AbstractThe article considers specific features of national models of economic development of European countries and marks out exogenous and endogenous factors of their transformation. It analyses in detail exogenous factors of transformation, which include processes of globalisation, namely such forms of its manifestation as techno-globalisation, financial globalisation and regional integration. The article marks out the most significant changes including redistribution of labour force from industry and agriculture into the sphere of services, transition of managerial functions to supra-national bodies, expansion of multinational corporations with state ownership as a response to challenges of trans-nationalisation of economy, increase of volumes of financing innovation policy, activation of innovation business activity, development of green innovations, increase of tax load on able-to-work population due to the growth of the share of unable-to-work population, and expansion of state and private partnerships as a dominating vector of economic development.
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Bibliographic InfoArticle provided by RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics in its journal Business Inform.
Volume (Year): (2013)
Issue (Month): 6 ()
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Web page: http://www.business-inform.net
globalisation; regional integration; national model of economic development; factors of transformation;
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