IDEAS home Printed from https://ideas.repec.org/p/ags/uqseet/90539.html
   My bibliography  Save this paper

Economic Globalisation: The Process and its Potential, Social, Economic and Environmental Impacts

Author

Listed:
  • Tisdell, Clement A.

Abstract

After economic globalisation is defined, the factors that have favoured it in recent times are outlined and the process is placed in a historical context. Measures of the recent expansion in economic globalisation are given, such as trends in the proportion of global GDP traded internationally, and the relative size of global FDI. China’s comparative economic openness compared to the rest of the world is discussed. Potential positive and negative economic and social impacts of globalisation are explored, taking into account important economic theories. Particular attention is given to globalisation and the evolutionary dynamics of economic growth by considering the economic ‘catching up’ phase of countries, such as China, and by placing this in a general evolutionary context. The question is also posed of whether economic growth will eventually cease, and whether industrial and social structures could become defective once economic globalisation is well established and enters its mature phase. Economic growth fostered by growing globalisation also raises globally important environmental and natural resource issues of relevance to the sustainability of economic growth and to the fulfilment of human goals. Some of these issues are investigated, taking into account theories that provide an optimistic prognosis, as well as those which warn of dangers and difficulties ahead.

Suggested Citation

  • Tisdell, Clement A., 2005. "Economic Globalisation: The Process and its Potential, Social, Economic and Environmental Impacts," Economic Theory, Applications and Issues Working Papers 90539, University of Queensland, School of Economics.
  • Handle: RePEc:ags:uqseet:90539
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/90539
    Download Restriction: no

    References listed on IDEAS

    as
    1. repec:wsi:serxxx:v:50:y:2005:i:spec0:n:s0217590805002177 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    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:ags:uqseet:90539. 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: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/decuqau.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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.