IDEAS home Printed from https://ideas.repec.org/a/jes/wpaper/y2009v1i2p5-19.html
   My bibliography  Save this article

Globalization & Regionalization In International Trade

Author

Listed:
  • Ramona Frunza

    (Alexandru Ioan Cuza University of Iasi, Romania)

  • Liviu George Maha

    (Alexandru Ioan Cuza University of Iasi, Romania)

  • Claudiu Gabriel Mursa

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

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.

Suggested Citation

  • Ramona Frunza & Liviu George Maha & Claudiu Gabriel Mursa, 2009. "Globalization & Regionalization In International Trade," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1(2), pages 5-19, December.
  • Handle: RePEc:jes:wpaper:y:2009:v:1:i:2:p:5-19
    as

    Download full text from publisher

    File URL: http://ceswp.uaic.ro/articles/CESWP2009_I2_FRU.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Archibugi, Daniele & Lundvall, Bengt-Ake (ed.), 2001. "The Globalizing Learning Economy," OUP Catalogue, Oxford University Press, number 9780199241095.
    2. Mr. Paul R Masson, 2001. "Globalization Facts and Figures," IMF Policy Discussion Papers 2001/004, International Monetary Fund.
    3. Takatoshi Ito & Anne O. Krueger, 1997. "Regionalism versus Multilateral Trade Arrangements," NBER Books, National Bureau of Economic Research, Inc, number ito_97-1.
    4. Charles P. Oman, 1996. "The Policy Challenges of Globalisation and Regionalisation," OECD Development Centre Policy Briefs 11, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bernhard G. GUNTER & Rolph HOEVEN, 2004. "The social dimension of globalization: A review of the literature," International Labour Review, International Labour Organization, vol. 143(1-2), pages 7-43, March.
    2. Michele FRATIANNI & Chang HOON HO, 2007. "On the Relationship Between RTA Expansion and Openness," Working Papers 288, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    3. Akcomak, Semih & Erdil, Erkan & Cetinkaya, Umut Yılmaz, 2018. "Knowledge convergence in European regions: Towards cohesion?," MERIT Working Papers 2018-027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    4. Justyna Grzes-Buklaho, 2018. "Intangible assets as a source of competitiveness of real-estate developers," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 17(4), pages 355-365, December.
    5. Stefan NEDELEA & Laura Adriana PAUN, 2009. "Competitiveness in the Knowledge-Based Economy," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(4), pages 745-754, October.
    6. Taylor, Mark & Mody, Ashoka, 2003. "Common Vulnerabilities," CEPR Discussion Papers 3759, C.E.P.R. Discussion Papers.
    7. Oana Calitoiu, 2011. "Advantages And Disadvantages Of The Globalization," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(39), pages 174-179.
    8. G. Ietto-Gillies, 1998. "Location of Affiliates and Degree of Internationalisation: An Analysis of the World's Largest 664 TNCs," CIBS Research Papers in International Business 14-98, London South Bank University CIBS.
    9. Rosemary Deem & Rachel Johnson, 2003. "‘Risking the University? Learning to be a Manager-Academic in UK Universities’," Sociological Research Online, , vol. 8(3), pages 17-31, August.
    10. Roman Martin & Jerker Moodysson & Elena Zukauskaite, 2011. "Regional Innovation Policy Beyond ‘Best Practice’: Lessons from Sweden," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 2(4), pages 550-568, December.
    11. Jérôme Trotignon, 2009. "L'intégration régionale favorise-t-elle la multilatéralisation des échanges ?," Post-Print halshs-00335633, HAL.
    12. Kapetaniou, Chrystalla & Lee, Soo Hee, 2017. "A framework for assessing the performance of universities: The case of Cyprus," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 169-180.
    13. Fred Gault, 2013. "Innovation indicators and measurement: challenges," Chapters, in: Fred Gault (ed.), Handbook of Innovation Indicators and Measurement, chapter 19, pages 441-464, Edward Elgar Publishing.
    14. Gerardo Esquivel, 2011. "The Dynamics of Income Inequality in Mexico since NAFTA," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2011), pages 155-188, August.
    15. Francesco Crespi & Claudia Ghisetti & Francesco Quatraro, 2015. "Taxonomy of Implemented Policy Instruments to Foster the Production of Green Technologies and Improve Environmental and Economic Performance. WWWforEurope Working Paper No. 90," WIFO Studies, WIFO, number 58131.
    16. Michele Fratianni, 2004. "Borders and the Constraints on Globalization," Working Papers 2004-05, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    17. Sophie Urmetzer & Michael P. Schlaile & Kristina B. Bogner & Matthias Mueller & Andreas Pyka, 2018. "Exploring the Dedicated Knowledge Base of a Transformation towards a Sustainable Bioeconomy," Sustainability, MDPI, vol. 10(6), pages 1-22, May.
    18. METAXAS, Theodore & TSAVDARIDOU, Maria, 2013. "From ‘Blue Banana’ To ‘Red Octopus’ And The Development Of Eastern And Southern European Cities: Warsaw And Lisbon," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1), pages 15-30.
    19. Anne-Célia Disdier & Lionel Fontagné & Mondher Mimouni, 2015. "Tariff Liberalization and Trade Integration of Emerging Countries," Review of International Economics, Wiley Blackwell, vol. 23(5), pages 946-971, November.
    20. Waldkirch, Andreas, 2006. "The ‘New Regionalism’: Integration as a Commitment Device for Developing Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 21, pages 397-425.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jes:wpaper:y:2009:v:1:i:2:p:5-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alupului Ciprian (email available below). General contact details of provider: https://edirc.repec.org/data/csjesro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.