CONCISE CHARACTERIZATION OF THE EVOLUTION AND BEARINGS OF WORLDWIDE ECONOMY

Cosmin Dricu Ph. D Student and Demetra Lupu-Visanescu Ph.D
Additional contact information
Demetra Lupu-Visanescu Ph.D: University of Craiova

Annals of University of Craiova - Economic Sciences Series, 2010, vol. 1, issue 38, 56-71

Abstract: The current worldwide economy met deep changes, especially in the last decades, changes which had major effects over business area and determined the adoption of some decisions, at the level of main actors of economic life, which allow them to get through with new challenges. To that effect, strategies have been rethought so that trading companies, as main motor of worldwide economy, adapt to new requirements imposed by the market. At the present day, worldwide economy is characterized by a high degree of internationalization. Today, more than ever, we can talk about the existence of some economic independences generated by the existence of a world market formed as a result of relations established between national economies and which function as a process of internationalization of production and recession factors of international division of labor by the agency of exchange relationships between economic entities in different countries. This tendency manifests itself more and more in the evolution of world economy, relating to which we can affirm that lack of balance produced within a national economy (a conclusive example is the case of the crisis produced by mortgaging in the USA) can generate a wave of dysfunctions developed in all sectors, at the level of the entire world economy. Thus, we assist at a real domino effect produced because of economic interdependences and which does not sum up only to one sector of activity or more than a national economy, but at the level of the entire world economy.

Keywords: critical; globalization, world economy, transnational companies, international trade, mergers and acquisitions (search for similar items in EconPapers)
JEL-codes: A10 E60 M21 (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/AUCSSE/0038v1-006.pdf (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: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2010:i:15:p:56-71

Access Statistics for this article

Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru

More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Anca Bandoi ( this e-mail address is bad, please contact ).