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Literature review concerning the relationship between globalization and regionalization in the world economy

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  • Balasan, Andrei-Cristian

Abstract

In this paper we review the literature on regionalization and globalization and implicitly the impact these two processes have over the world economy. Characterized by a several number of studies, this research is focused on different time periods, methodologies and model parameters. We identify the key empirical findings from the literature and analyze the impact of the relationship between globalization and regionalization on prices, wages, capital flows and the labor market. The results offer clear evidence that these two processes are not mutually exclusive and cannot be analyzed separately from each other. Future research should examine closely the impact of globalization and regionalization over population's purchasing power.

Suggested Citation

  • Balasan, Andrei-Cristian, 2012. "Literature review concerning the relationship between globalization and regionalization in the world economy," MPRA Paper 39746, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:39746
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    References listed on IDEAS

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    More about this item

    Keywords

    regionalization; globalization; literature review;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F0 - International Economics - - General
    • F01 - International Economics - - General - - - Global Outlook
    • F1 - International Economics - - Trade

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