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Introduction: A Complex, Restrictive and Contradictory Globalisation of Markets

In: The Paradoxes of Globalisation

Author

Listed:
  • Eric Milliot
  • Nadine Tournois

Abstract

For thousands of years, human activity has been characterised by the phenomenon of trade internationalisation. However, the concept of globalisation in Management Science is a relatively recent one. The first important academic works on this subject were written a few decades ago by Buzzell (1968), Barnet and Muller (1975) and Sorenson and Wiechmann (1975). Nowadays, globalisation is defined by the International Monetary Fund (IMF, 1997), as being the growing economic interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology. (p. 45) This definition, which is widely accepted in institutional and professional circles, has three weaknesses for Management Science research professors.

Suggested Citation

  • Eric Milliot & Nadine Tournois, 2010. "Introduction: A Complex, Restrictive and Contradictory Globalisation of Markets," Palgrave Macmillan Books, in: Eric Milliot & Nadine Tournois (ed.), The Paradoxes of Globalisation, pages 1-5, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30396-6_1
    DOI: 10.1057/9780230303966_1
    as

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