The economic borders in the age of globalization
The importance of the economic borders of the nations is diminishing continuously, and this phenomenon is strongly linked to regionalization and globalization. We consider that the starting point of the idea that economic borders (represented by nations’ commercial policies) are irrelevant for the global economic activity is in fact Adam Smith’ theory about the liberty of choice and exchange in the international trade. In order to adapt to the new globalization context, the borders have acquired a dynamic meaning, exceeding its condition of a past world, little interconnected.
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- George DeMartino, 2009. "Globalization," Chapters, in: Handbook of Economics and Ethics, chapter 25 Edward Elgar.
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