Globalization, the World Economy and Growth

Carlos M. Peláez and Carlos A. Peláez

Chapter 1 in Globalization and the State: Volume I, 2008, pp 7-20 from Palgrave Macmillan

Abstract: 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.

Keywords: World Economy; Purchase Power Parity; Bayesian Model Average; Capital Share; World Bank (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22828-3_2

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DOI: 10.1057/9780230228283_2

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