Globalization – challenges and debates

Himayatullah Khan and Laura Giurca Vasilescu
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Himayatullah Khan: COMSATS Institute of Information Technology Abbottabad, Pakistan

Revista Tinerilor Economisti (The Young Economists Journal), 2008, vol. 1, issue 11, 78-85

Abstract: Globalization refers to the emergence of a global society in which economic, political, environmental, and cultural events in one part of the world quickly come to have significance for people in other parts of the world. Therefore, globalization is a process leading to increasing integration of the national economies and diminishing importance of political boundaries so far as economic, political and social activities are concerned. This paper explains the meaning of globalization in five broad conceptions, reasons for globalization, key institutions of globalizations and debate over globalization.

Keywords: Globalization; Development; Challenges; Developing Countries (search for similar items in EconPapers)
JEL-codes: E00 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2008:i:11:p:78-85

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