Introduction: A Complex, Restrictive and Contradictory Globalisation of Markets

Eric Milliot and Nadine Tournois

A chapter in The Paradoxes of Globalisation, 2010, pp 1-5 from Palgrave Macmillan

Abstract: Abstract For thousands of years, human activity has been characterised by the phenomenon of trade internationalisation. However, the concept of globalisation in Management Science is a relatively recent one. The first important academic works on this subject were written a few decades ago by Buzzell (1968), Barnet and Muller (1975) and Sorenson and Wiechmann (1975). Nowadays, globalisation is defined by the International Monetary Fund (IMF, 1997), as being the growing economic interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology. (p. 45) This definition, which is widely accepted in institutional and professional circles, has three weaknesses for Management Science research professors.

Keywords: International Monetary Fund; Harvard Business Review; Economic Interdependence; World Economic Outlook; International Capital Flow (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30396-6_1

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DOI: 10.1057/9780230303966_1

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