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The Nature And Problems Of Economic Globalization


  • Janno Reiljan
  • Ele Reiljan


The objective of this working paper is to point out major ways of regulating the global economy in order to increase impact of foreign trade, credits and (foreign) investments on economic growth and welfare. Some basic problems that occur in the process of balancing economic development are studied. The nature of economic globalization is determined at the beginning of the article. After this, the role of international trade, foreign direct investments and development assistance is studied. Finally, developmental differences between developed and developing countries are studied and prerequisite conditions for reducing these are presented.

Suggested Citation

  • Janno Reiljan & Ele Reiljan, 2000. "The Nature And Problems Of Economic Globalization," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 3, Faculty of Economics and Business Administration, University of Tartu (Estonia).
  • Handle: RePEc:mtk:febawb:03

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    References listed on IDEAS

    1. Thomas L Brewer, 1993. "Government Policies, Market Imperfections, and Foreign Direct Investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 24(1), pages 101-120, March.
    2. Daniel Chudnovsky & Andres Lopez & Fernando Porta, 1997. "Market or policy driven? The Foreign direct investment boom in Argentina," Oxford Development Studies, Taylor & Francis Journals, vol. 25(2), pages 173-188.
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