IDEAS home Printed from https://ideas.repec.org/a/ine/journl/v2y2008i36p57-62.html
   My bibliography  Save this article

Impact Of Globalization On Macroeconomic Policy

Author

Listed:
  • Clementina IVAN-UNGUREANU

    () (European Agency for Reconstruction)

Abstract

Globalization – the growing integration of economies and societies around the world – has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in some countries that were poor 20 years ago have been positive aspects of globalization. But globalization has also generated significant international opposition to concerns about increased inequality and environmental degradation. There are many definitions of globalization. One of them could be: globalization is an ecosystem in which economic potential is no longer defined or contained by political and geographic boundaries. Economic activity has no bounds in a globalized economy. A globalized world is one where goods, services, financial capital, machinery, money, workers and ideas migrate to wherever they are most valued and can work together most efficiently, flexibly and securely. Where does economic policy come into play in this world? This paper presents some aspects of globalization and the impact on the new strategy of macroeconomics policy.

Suggested Citation

  • Clementina IVAN-UNGUREANU, 2008. "Impact Of Globalization On Macroeconomic Policy," Romanian Journal of Economics, Institute of National Economy, vol. 27(2(36)), pages 57-62, December.
  • Handle: RePEc:ine:journl:v:2:y:2008:i:36:p:57-62
    as

    Download full text from publisher

    File URL: http://www.revecon.ro/articles/2008-2/2008-2-4.pdf
    Download Restriction: no

    More about this item

    Keywords

    globalisation; economic trends; macroeconomic policy;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ine:journl:v:2:y:2008:i:36:p:57-62. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valentina Vasile). General contact details of provider: http://edirc.repec.org/data/inacaro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.