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Globalization – challenges and debates

Author

Listed:
  • Himayatullah Khan

    (COMSATS Institute of Information Technology Abbottabad, Pakistan)

  • Laura Giurca Vasilescu

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Abstract

Globalization refers to the emergence of a global society in which economic, political, environmental, and cultural events in one part of the world quickly come to have significance for people in other parts of the world. Therefore, globalization is a process leading to increasing integration of the national economies and diminishing importance of political boundaries so far as economic, political and social activities are concerned. This paper explains the meaning of globalization in five broad conceptions, reasons for globalization, key institutions of globalizations and debate over globalization.

Suggested Citation

  • Himayatullah Khan & Laura Giurca Vasilescu, 2008. "Globalization – challenges and debates," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 78-85, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2008:i:11:p:78-85
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    References listed on IDEAS

    as
    1. Scott Bradford & Robert Z. Lawrence, 2004. "Has Globalization Gone Far Enough: The Costs of Fragmented Markets," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 349, January.
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    More about this item

    Keywords

    Globalization; Development; Challenges; Developing Countries;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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