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The New Characteristics of Globalization and their Impact on the Design of a New International Economic Order

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  • FLORIN BONCIU

    (Ph.D., Senior researcher economist Institute for World Economy Romanian Academy)

Abstract

Globalization as a concept has already been in frequent use for at least some decades, but after 2008-2010 it refers more and more to a rather different reality. Some global processes describe this new reality, among them being: the economic crisis that started in 2008 and its long-lasting implications, a new balance of economic power soon to be accompanied by a de facto new international economic order, the complex implications of inequality in developed countries, the 4th industrial revolution. The paper analyzes how these processes have determined new characteristics of globalization and how this new reality requires the participation of all states for the design of a new international economic order.

Suggested Citation

  • Florin Bonciu, 2017. "The New Characteristics of Globalization and their Impact on the Design of a New International Economic Order," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(1), pages 08-15, June.
    • Handle: RePEc:ntu:ntugeo:vol5-iss1-17-008
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    References listed on IDEAS

    as
    1. Andrew G. Berg & Jonathan D. Ostry, 2017. "Inequality and Unsustainable Growth: Two Sides of the Same Coin?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(4), pages 792-815, November.
    2. Andrew G. Berg & Jonathan D. Ostry, 2017. "Inequality and Unsustainable Growth: Two Sides of the Same Coin?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(4), pages 792-815, November.
    3. Stefania Vitali & James B Glattfelder & Stefano Battiston, 2011. "The Network of Global Corporate Control," PLOS ONE, Public Library of Science, vol. 6(10), pages 1-6, October.
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