Globalization Between Agony and Ecstasy

Meghiºan Flaviu () and Barbu Cãtãlin Mihail ()
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Meghiºan Flaviu: University of Piteºti
Barbu Cãtãlin Mihail: University of Craiova

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 92-97

Abstract: Globalization is a mix of opportunities and perils for the national economies. The countries are more and more vulnerable to external shocks and they don’t know how to fight against these new dangers. Globalization is affecting the efforts of the states and private agents through velocity and amplitude of change, both internationally and at the domestic level. Domestic institutional reform must be done in order to be able to capitalize the external opportunities, without the associated risks. In this paper we make an analysis of some of the risks of globalization and then we discuss how these risks can be minimized. Globalization should work both for the elites but also for the non-elites.

Keywords: globalization; economic development; international trade. (search for similar items in EconPapers)
JEL-codes: F43 F50 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:92-97

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