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Multiple Definitions: A Key Issue In The Debate On Globalization

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  • MARGINEAN, Silvia Cristina
  • ORASTEAN, Ramona

Abstract

The debates on globalization’s definition are the main core of the theoretical work on this issue in the last decades. After more than 50 years since the word was used for the first time, there is no agreement on its definition. Our statement is that the lack of consistency, the imprecision and the ambiguity that could be found in definitions of globalization are sources of confusions and misunderstanding, and are the causes of the supra-abundant literature in this area. In order to develop our own definition, this study provides an overview of existing definitions, emphasizing their strength and weaknesses. In our opinion, the process of globalization is about creating connections between national states, companies, individuals and institutions, stable connections that will allow the development of commercial, financial, technological and information flows among these subjects.

Suggested Citation

  • MARGINEAN, Silvia Cristina & ORASTEAN, Ramona, 2012. "Multiple Definitions: A Key Issue In The Debate On Globalization," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 1(1), pages 29-34, November.
  • Handle: RePEc:tig:journl:v:1:y:2012:i:1:p:29-34
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    References listed on IDEAS

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    1. Michael Spence & Danny Leipziger, 2010. "Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development," World Bank Publications, The World Bank, number 2440.
    2. Alexander C. Dow & Sheila C. Dow, 2005. "The application of development economics: general principles and context specificity," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 1129-1143, November.
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