Theoretical Considerations about the Possible Impact of Globalisation on Europe’s Economic Development

Daugėlienė Rasa ()
Additional contact information
Daugėlienė Rasa: Institute of Europe, Kaunas University of Technology Kestučio str. 8, Kaunas, LT-44320, Lithuania

TalTech Journal of European Studies, 2013, vol. 3, issue 2, 2-16

Abstract: Scientific works (starting from 1873) of famous economists and political philosophers based on theoretical/philosophical considerations about the preconditions of changes on world economy of scope stipulate the inclusive analysis of factors which possibly influence the challenges of society and economy in the 21st century. It is very modern to claim that manifestation of globalisation is the origin of all changes. The European Commission states that about one-fifth of the increase in the economies of EU countries over the past 50 years depends on integration of the world economy, that is, globalisation. Taking this into account, the article presents theoretical considerations about the possible impact of globalisation on Europe’s economic development. Three scientific problems are raised: Does globalisation affect economic growth and how could this process be managed? Which are the derivatives of globalisation that influence positive changes in a country’s economy? Is it possible to eliminate or diminish the effect of the more negative aspects of globalisation? Among the research methods used in the article are theoretical comparative analysis of the scientific works, and analysis of legal documents as well as strategies and practical papers in this field. The article also presents three tasks: to systematise arguments presented in existing scientific works (theories) as well as in EU initiatives considering the phenomenon of globalisation, to highlight the tendencies in Europe’s economic development that are associated with globalisation, and to present recommendations for managing the influence of globalisation to the development of EU’s economy. The article presents systematised arguments of published scientific works (theories) as well as EU initiatives considering the phenomenon of globalisation. The impact, positive as well as negative, of globalisation on the development of economy is highlighted and the criteria for the manifestation of globalisation is systematised. This instrument could be used to assess the impact of globalisation on economic development

Keywords: development of economy; effects of globalisation; European Union; globalisation (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/bjes-2013-0010 (text/html)

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:vrs:bjeust:v:3:y:2013:i:2:p:2-16:n:1

DOI: 10.2478/bjes-2013-0010

Access Statistics for this article

TalTech Journal of European Studies is currently edited by Tanel Kerikmäe and Matti Rudanko

More articles in TalTech Journal of European Studies from Sciendo
Bibliographic data for series maintained by Peter Golla ().