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Globalisation revisited


  • Peter Herrmann

    () (1University College of Cork, Cork, Ireland
    University of Eastern Finland, Kuopio, Finland)


The article refers to a definition of globalisation in three perspectives, namely the development of territorial boarders and in particular the redefinition of regions, the development of the division of labour and distribution of power, and the changed role of culture. The latter is thereby not least understood as a new culture of capitalism. With this orientation it is aimed at developing a historical perspective on globalisation that refers not simply on an increasing loss of borders. Instead, the argument is directed to the understanding more the actual background of changes in world-capitalism by investigating a broad outline of the changing process of production. In this light, globalisation is not seen as a linear process but a matter of permanent ‘negotiations’ and reorganisation.

Suggested Citation

  • Peter Herrmann, 2010. "Globalisation revisited," Society and Economy, Akadémiai Kiadó, Hungary, vol. 32(2), pages 255-275, December.
  • Handle: RePEc:aka:soceco:v:32:y:2010:i:2:p:255-275
    Note: Revised version of a paper prepared for the Annual Conference of the Asian Studies Ireland Association (ASIA), 13th November 2009, The Transformation of Asia in a Changing Global Environment.

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    References listed on IDEAS

    1. Zsolt Darvas & Jean Pisani-Ferry, 2008. "Avoiding a new European divide," Policy Briefs 227, Bruegel.
    2. Zsolt Darvas & György Szapáry, 2008. "Euro Area Enlargement and Euro Adoption Strategies," European Economy - Economic Papers 2008 - 2015 304, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Jean Pisani-Ferry & Pavle Petrovic & Michael A Landesmann & Vladimir Gligorov & Daniel Daianu & Torbjörn Becker & Zsolt Darvas & André Sapir & Beatrice Weder di Mauro, . "Whither growth in central and eastern Europe? Policy lessons for an integrated Europe," Blueprints, Bruegel, number 453, August.
    4. Darvas, Zsolt, 2009. "Leveraged carry trade portfolios," Journal of Banking & Finance, Elsevier, vol. 33(5), pages 944-957, May.
    5. Zsolt Darvas & Zoltan Schepp, 2009. "Long maturity forward rates of major currencies are stationary," Applied Economics Letters, Taylor & Francis Journals, vol. 16(11), pages 1175-1181.
    6. Zsolt Darvas & Andrew K. Rose & Gyorgy Szapary, 2005. "Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic," NBER Chapters,in: NBER International Seminar on Macroeconomics 2005, pages 261-298 National Bureau of Economic Research, Inc.
    7. Zsolt Darvas & György Szapáry, 2008. "Business Cycle Synchronization in the Enlarged EU," Open Economies Review, Springer, vol. 19(1), pages 1-19, February.
    8. Zsolt Darvas, 2009. "The Baltic Challenge and Euro-Area Entry," Policy Contributions 357, Bruegel.
    9. Zsolt Darvas, 2008. "Estimation Bias and Inference in Overlapping Autoregressions: Implications for the Target-Zone Literature," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(1), pages 1-22, February.
    10. John Lewis & Karsten Staehr, 2010. "The Maastricht Inflation Criterion: What is the Effect of European Union Enlargement?," Journal of Common Market Studies, Wiley Blackwell, vol. 48, pages 687-708, June.
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    More about this item


    globalisation; centre-periphery relations;

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B0 - Schools of Economic Thought and Methodology - - General
    • F0 - International Economics - - General
    • N0 - Economic History - - General
    • P0 - Economic Systems - - General


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