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The Dynamics and Manifestations of Globalization

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  • Mirela Mazilu

Abstract

There are many factors which impart the globalization dynamics: the more accelerated liberalization tendencies of commercial exchanges, the development, without precedent, of the capital markets which claim a bigger liberty of movement, the internationalization of production and distribution of the great trans-national societies, the huge leap of service commerce and – finally – the means provided by the quick progresses in the field of technologies. Globalization provides – on new dimensions – opportunity for some wider markets, the possibility of producing and marketing a larger range of goods, increasing chances for attracting capitals and for access the high technologies. But, at the same time, globalization leads to eliminating the existent barriers out of the free competition’s way, entire sectors being threatened with disappearance or at least “drastic” rationalizations for increasing the efficiency.

Suggested Citation

  • Mirela Mazilu, 2008. "The Dynamics and Manifestations of Globalization," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 83-90.
  • Handle: RePEc:ers:journl:v:xi:y:2008:i:3:p:83-90
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    More about this item

    Keywords

    globalization; capital; labour force;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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