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Globalization – challenges and debates

  • Himayatullah Khan

    (COMSATS Institute of Information Technology Abbottabad, Pakistan)

  • Laura Giurca Vasilescu

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Globalization refers to the emergence of a global society in which economic, political, environmental, and cultural events in one part of the world quickly come to have significance for people in other parts of the world. Therefore, globalization is a process leading to increasing integration of the national economies and diminishing importance of political boundaries so far as economic, political and social activities are concerned. This paper explains the meaning of globalization in five broad conceptions, reasons for globalization, key institutions of globalizations and debate over globalization.

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Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).

Volume (Year): 1 (2008)
Issue (Month): 11 (November)
Pages: 78-85

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Handle: RePEc:aio:rteyej:v:1:y:2008:i:11:p:78-85
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  1. Scott Bradford & Robert Z. Lawrence, 2004. "Has Globalization Gone Far Enough: The Costs of Fragmented Markets," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 349.
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