Artikel
Globalization & Regionalization in International Trade
The concept of globalization refers to the growing interdependence of countries, resulting from the increasing integration of trade, finance, investments, labor markets and ideas in one globalmarketplace. The most important elements of this process are the international trade and the cross-border investment flows. Economic globalization has increased the specialization of workers, while the companies compete in global markets. Even globalization has recently become a common topic in academic discourse, many economists focused, from the 1980s and 1990s, in addition to globalization, on regionalization - the growth of networks of interdependence within multinational regions of the world. The recent decades arecharacterized by the fact that the world trade grew faster than world output, which implies that an increasing share of world GDP crosses international borders. The trend is explained, mostly, by thesubstantially declining of the trade barriers during the same period, as a result of successive trade negotiation rounds under the auspices of the GATT/WTO, unilateral trade liberalization and regional tradeagreements. Even there are global connections between all the countries, the strongest political and economic integration is being created within a few specific regions of the world: Europe, North America and East Asia.
- Sprache
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Englisch
- Erschienen in
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Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 1 ; Year: 2009 ; Issue: 2 ; Pages: 5-19 ; Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies
- Klassifikation
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Wirtschaft
- Thema
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globalization
regionalization
international trade
trade agreement
trade liberalization
economic integration
global market
- Ereignis
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Geistige Schöpfung
- (wer)
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Frunza, Ramona
Maha, Liviu George
Mursa, Claudiu Gabriel
- Ereignis
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Veröffentlichung
- (wer)
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Alexandru Ioan Cuza University of Iasi, Centre for European Studies
- (wo)
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Iasi
- (wann)
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2009
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Frunza, Ramona
- Maha, Liviu George
- Mursa, Claudiu Gabriel
- Alexandru Ioan Cuza University of Iasi, Centre for European Studies
Entstanden
- 2009
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