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Globalisation

Author

Listed:
  • H.W. ARNDT

    (The Australian National University)

Abstract

Globalisation, which was predicted by experts to do away with the nation state and create a single world market, has not turned out exactly as foretold. The most striking developments brought by the phenomenon have come in terms of faster transfer of goods and services across international borders, due in part to better communications and computer technology. Critics of globalisation still assert that it promotes inequality among classes, unfair competition, and undermines democracy. However, these criticisms can be seen as an aversion to foreign competition brought about by protectionist views. An attempt is made to develop a pragmatic interpretation of the globalisation phenomenon.

Suggested Citation

  • H.W. Arndt, 1998. "Globalisation," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 51(204), pages 73-89.
    • Handle: RePEc:psl:bnlqrr:1998:15
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10591/10475
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    References listed on IDEAS

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    2. Carolina Castaldi & Mario Cimoli & Nelson Correa & Giovanni Dosi, 2004. "Technological Learning, Policy Regimes and Growth in a `Globalized' Economy: General Patterns and the Latin American Experience," LEM Papers Series 2004/01, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. Andong Zhu & Minqi Li, 2005. "Neoliberalism, Global Imbalances, and Stages of Capitalist Development," Working Papers wp110, Political Economy Research Institute, University of Massachusetts at Amherst.
    4. Mau, Steffen & Kamlage, Jan-Hendrik & Kathmann, Till & Wrobel, Sonja, 2007. "Staatlichkeit, Territorialgrenzen und Personenmobilität," TranState Working Papers 51, University of Bremen, Collaborative Research Center 597: Transformations of the State.
    5. Chui, Michael & Levine, Paul & Pearlman, Joseph, 2001. "Winners and losers in a North-South model of growth, innovation and product cycles," Journal of Development Economics, Elsevier, vol. 65(2), pages 333-365, August.

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    More about this item

    Keywords

    Globalisation; International Economic Policy; International relations; Industrialised countries;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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