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Globalization Between Agony and Ecstasy

Author

Listed:
  • Meghiºan Flaviu

    (University of Piteºti)

  • Barbu Cãtãlin Mihail

    (University of Craiova)

Abstract

Globalization is a mix of opportunities and perils for the national economies. The countries are more and more vulnerable to external shocks and they don’t know how to fight against these new dangers. Globalization is affecting the efforts of the states and private agents through velocity and amplitude of change, both internationally and at the domestic level. Domestic institutional reform must be done in order to be able to capitalize the external opportunities, without the associated risks. In this paper we make an analysis of some of the risks of globalization and then we discuss how these risks can be minimized. Globalization should work both for the elites but also for the non-elites.

Suggested Citation

  • Meghiºan Flaviu & Barbu Cãtãlin Mihail, 2012. "Globalization Between Agony and Ecstasy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 92-97, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:92-97
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    More about this item

    Keywords

    globalization; economic development; international trade.;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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