Globalization

F. Gerard Adams ()

World Economics, 2008, vol. 9, issue 2, pages 153-174

Abstract: The rapid globalization of the world economy is causing fundamental changes in patterns of trade and finance. Some economists have argued that globalization has arrived and that the world is “flatâ€. While the geographic scope of markets has increased, the author argues that new patterns of trade and finance are a result of the discrepancies between “old†countries and “newâ€. As the differences are gradually wiped out, particularly if knowledge and technology spread worldwide, the traditional theoretical Heckscher and Ohlin comparative advantage basis for trade will fade. Trading relationships in the "new" economy will be based on the locational theories of the new economic geography.

Date: 2008
View citations in EconPapers

Downloads: (external link)
http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=334 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wej:wldecn:334

Access Statistics for this article

More articles in World Economics from World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB
Series data maintained by Ed Jones ().