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The New Characteristics of Globalization and their Impact on the Design of a New International Economic Order

Florin Bonciu ()
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Florin Bonciu: Ph.D., Senior researcher economist Institute for World Economy Romanian Academy

Global Economic Observer, 2017, vol. 5, issue 1, 08-15

Abstract: Globalization as a concept has already been in frequent use for at least some decades, but after 2008-2010 it refers more and more to a rather different reality. Some global processes describe this new reality, among them being: the economic crisis that started in 2008 and its long-lasting implications, a new balance of economic power soon to be accompanied by a de facto new international economic order, the complex implications of inequality in developed countries, the 4th industrial revolution. The paper analyzes how these processes have determined new characteristics of globalization and how this new reality requires the participation of all states for the design of a new international economic order.

Keywords: formal education; macroeconomic development; history of education; linear regresion; statistics (search for similar items in EconPapers)
Date: 2017-06
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