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Globalization Between Agony and Ecstasy


  • Meghiºan Flaviu

    () (University of Piteºti)

  • Barbu Cãtãlin Mihail

    () (University of Craiova)


Globalization is a mix of opportunities and perils for the national economies. The countries are more and more vulnerable to external shocks and they don’t know how to fight against these new dangers. Globalization is affecting the efforts of the states and private agents through velocity and amplitude of change, both internationally and at the domestic level. Domestic institutional reform must be done in order to be able to capitalize the external opportunities, without the associated risks. In this paper we make an analysis of some of the risks of globalization and then we discuss how these risks can be minimized. Globalization should work both for the elites but also for the non-elites.

Suggested Citation

  • Meghiºan Flaviu & Barbu Cãtãlin Mihail, 2012. "Globalization Between Agony and Ecstasy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 92-97, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:92-97

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    References listed on IDEAS

    1. Nicolae Al. Pop & Anca-Daniela Vl?doi, 2009. "The marketer-a complex specialist, a man of concept, decision and action," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(25), pages 9-20, February.
    2. Kaplan, Andreas M. & Haenlein, Michael, 2009. "The increasing importance of public marketing: Explanations, applications and limits of marketing within public administration," European Management Journal, Elsevier, vol. 27(3), pages 197-212, June.
    3. Grigorescu, Adriana, 2009. "Renewal marketing management in public and business organizations," MPRA Paper 25128, University Library of Munich, Germany.
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    More about this item


    globalization; economic development; international trade.;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General


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