The European Union Facing the Challenges of Globalisation

Roger Tsafack Nanfosso and Juliana Hadjitchoneva

Economic Studies journal, 2021, issue 5, 27-48

Abstract: The article presents a study of the phenomenon of globalisation, which connects the whole world favoured by the development of free trade, the specialisation in international trade and the prodigious advances of technical progress, and results in challenges unfolding in a triple modality: intensification of commercial exchanges and the interconnection of economies, massification of capital exchanges, and increase in international migration. These developments run many risks globally and also on the European Union level. The objective of the article is to analyse the challenges arising from the triple modality attached to the globalisation with a focus on the European Union and the instruments and mechanisms of governance and control in an attempt to systemise an integrated approach for reduction of the risks and optimisation of the potential gains. The methodological framework makes use of existing statistical and factual data and the institutional analysis of the means of control applied to the material (goods), immaterial (capital), and people (migration) flows.

JEL-codes: F10 F21 F22 F60 (search for similar items in EconPapers)
Date: 2021
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.iki.bas.bg/Journals/EconomicStudies/2021/2021-5/2_Hadjitchoneva.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: https://EconPapers.repec.org/RePEc:bas:econst:y:2021:i:5:p:27-48

Access Statistics for this article

More articles in Economic Studies journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC.
Bibliographic data for series maintained by Diana Dimitrova ().