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The Myth of Economic Globalisation

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  • Kleinknecht, Alfred
  • ter Wengel, Jan

Abstract

Geographic patterns of commodity trade and foreign direct investment are not consistent with the proposition that European economies are experiencing a process of increasing 'globalization.' Internationalization is taking place as economic integration within the European Union. During the last thirty-five years, the European Union has not become relatively more integrated with the world's other trade blocs. Moreover, in contrast to what globalization theory might cause the authors to predict, the share in foreign direct investment taken by low-wage countries shows little growth. The authors try to explain such findings, using arguments about the nature of the process of technological change. Copyright 1998 by Oxford University Press.

Suggested Citation

  • Kleinknecht, Alfred & ter Wengel, Jan, 1998. "The Myth of Economic Globalisation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(5), pages 637-647, September.
    • Handle: RePEc:oup:cambje:v:22:y:1998:i:5:p:637-47
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    1. repec:jes:wpaper:y:2013:v:5:p:600-614 is not listed on IDEAS
    2. repec:dgr:rugggd:200471 is not listed on IDEAS
    3. Chortareas G. & Desli E. & Pelagidis Th., 2002. "International Evidence on Convergence and Openness," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 1-91, July-Dece.
    4. Cristian Spiridon, 2013. "Between Nationalism And The Flat World Of Thomas Friedman," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(4), pages 600-614, December.
    5. Hugo Erken & Piet Donselaar & Roy Thurik, 2018. "Total factor productivity and the role of entrepreneurship," The Journal of Technology Transfer, Springer, vol. 43(6), pages 1493-1521, December.
    6. Frank Bruinsma & Cees Gorter & Peter Nijkamp, 1998. "Nomadic Firms in a Globalizing Economy: A Comparative Analysis and Policy Perspectives," Tinbergen Institute Discussion Papers 98-120/3, Tinbergen Institute.
    7. Pelagidis, Theodore & Papasotiriou, Harry, 2002. "Globalisation or regionalism? States, markets and the structure of international trade," MPRA Paper 107187, University Library of Munich, Germany.
    8. Jayan Jose Thomas, 2008. "Innovation In India And China: Challenges And Prospects In Pharmaceuticals And Biotechnology," Working Papers 2008-035, Madras School of Economics,Chennai,India.
    9. Konstantaras, Konstantinos & Philippas, Dionisis & Siriopoulos, Costas, 2018. "Trade asymmetries in the Mediterranean basin," The Journal of Economic Asymmetries, Elsevier, vol. 17(C), pages 13-20.
    10. Ark, Bart van, 2004. "Productivity and employment growth: an empirical review of long and medium run evidence : background working paper for the world employment report 2004," GGDC Research Memorandum 200471, Groningen Growth and Development Centre, University of Groningen.
    11. Carolina Castaldi & Mario Cimoli & Nelson Correa & Giovanni Dosi, 2004. "Technological Learning, Policy Regimes and Growth in a `Globalized' Economy: General Patterns and the Latin American Experience," LEM Papers Series 2004/01, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    12. Michał Brzozowski, 2011. "The interplay between labor market rigidity and volatility-growth nexus," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(4), pages 405-418.

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