Globalization and Global Integration

Costel Dima, Mihaela Neculita and Daniela Ancuta Sarpe
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Costel Dima: Dunarea de Jos University of Galati, Romania
Mihaela Neculita: Dunarea de Jos University of Galati, Romania
Daniela Ancuta Sarpe: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2016, issue 3, 93-98

Abstract: Globalization belongs to a global financial and political structure and is achieved through regionalization. Regions are far easier to be managed than countries, thus coming into prominence states division into regions, the action having a strong impact politically and financially. The decisions can be made for developing an interest in a certain region belonging to two or more countries, but each having its own history. Thus, Member States are required a new territorial organization and the formation of provinces with historic name in the countries where the interest has to be developed. Various economic and cultural activities are financed so as to be developed the common regional spirit. Thus, countries will be included in a union and this leads to the disappearance of borders, thereby contributing, through regionalization, to the achievement of globalization process. This paper aims to provide insights in globalization process by comparing the evolutions in the USA, Japan, EU and China.

Keywords: Trade; Integration; Globalization; Global economy (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2016:i:3:p:93-98

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