Challenges of Global Economy

Jose Vargas-Hernandez and Mohammad Reza Noruzi
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Mohammad Reza Noruzi: Islamic Azad University, Bonab, Iran

Timisoara Journal of Economics, 2010, vol. 3, issue 1(9), 41-48

Abstract: One way to analyze the phenomenon of development in the era of globalization is through an approach involving interaction of the economic and the political system. The global economy has altered economic structures and social policies at the level of the nation-state, because the latter limits and impedes the processes of generation and capital accumulation. The purpose of this document is to analyze the emerging phenomenon of the transfer of state governance to global economic corporate governance. After determining the economic globalization processes driven by a corporate global economy, which affects the formation of globalised business – intergovernmental networks, we discuss their outcome and impact. Finally we outline the main challenges facing governance driven by a corporate global economy.

Keywords: global economy; globalization; governance; corporate economics (search for similar items in EconPapers)
JEL-codes: F01 F15 F23 P16 (search for similar items in EconPapers)
Date: 2010
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