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Globalization, the World Economy and Growth

In: Globalization and the State: Volume I

Author

Listed:
  • Carlos M. Peláez
  • Carlos A. Peláez

Abstract

According to Wolf (2005, 14), globalization is “the integration of economic activities, across borders, through markets.” The process is dynamic in the direction of increasing integration. The effects of economic events in one part of the world affect economic affairs in other parts of the world. The definition of the subject matter of this volume is IEI: the increasing cross-border flows of goods, services, capital, technology, ideas and humans. The subject matter is actually IEFP and institutions and has always existed in economics. In fact, the literature is united by the analysis of how the state intervenes in the international affairs of nations and through international institutions and organizations on the affairs of the entire world. In turn, economic change influences IEFP.

Suggested Citation

  • Carlos M. Peláez & Carlos A. Peláez, 2008. "Globalization, the World Economy and Growth," Palgrave Macmillan Books, in: Globalization and the State: Volume I, chapter 1, pages 7-20, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22828-3_2
    DOI: 10.1057/9780230228283_2
    as

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