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Globalizace a světové hospodářství
[Globalization and the World Economy]

Author

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  • Libor Žídek

Abstract

The paper deals with the phenomenon of globalization. The author finds globalization highly questionable concept because there is deep disunity about its definition among the authors. In the first part of the paper different concepts of globalization are summed up. According to author's view there are two main approaches towards globalization - the first considers it as (more or less lasting) integration and the second as a completely new contemporary process. The author regards globalization as a long lasting integration. But he finds that the present integration has a few specifics that are analyzed in the following part of the paper. In the consequent subchapters the author deals with two more topics - the pros and cons of globalization and the durability of the process. The main conclusion of the paper is that globalization is a process that has been allowed by the governments by withdrawing from certain areas and thus releasing creative forces in the world markets. The process can be again (anytime) interrupted by the governments but it would bring serious consequences for the functioning of the world economy.

Suggested Citation

  • Libor Žídek, 2009. "Globalizace a světové hospodářství [Globalization and the World Economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(5), pages 622-643.
    • Handle: RePEc:prg:jnlpol:v:2009:y:2009:i:5:id:701:p:622-643
    DOI: 10.18267/j.polek.701
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    References listed on IDEAS

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    1. Tobin, James, 2000. "Financial Globalization," World Development, Elsevier, vol. 28(6), pages 1101-1104, June.
    2. Michael D. Bordo & Barry Eichengreen & Douglas A. Irwin, 1999. "Is Globalization Today Really Different than Globalization a Hunderd Years Ago?," NBER Working Papers 7195, National Bureau of Economic Research, Inc.
    3. C. Fred Bergsten, 2001. "Fifty Years of Trade Policy: The Policy Lessons," The World Economy, Wiley Blackwell, vol. 24(1), pages 1-13, January.
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    More about this item

    Keywords

    integration; globalization; world economy; international trade;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General

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