The Great Post-Communist Change and Uncertain Future of the World

Grzegorz W. Kolodko

Chapter 14 in Transition and Beyond, 2007, pp 278-297 from Palgrave Macmillan

Abstract: Abstract Globalization is one of the buzzwords: continuously used and often abused, most often without making an intellectual effort to define this notion. When one is asked whether he or she is for or against globalization, one should try to find out what the inquirer has in mind. It is difficult to answer this question, because no universal definition of globalization exists. Authors define it in various ways. An historian, an anthropologist, a sociologist or an economist — each mean something different by globalization. It is possible to look at globalization as an intricate mechanism of interdependence. It has not only an economic dimension but also a political one, helping some states and their elites advance in the modern world, while pushing aside and marginalizing others. I perceive globalization mainly in economic terms, which I consider as basic, although I am aware of its cultural, ideological and political ramifications.

Keywords: Exchange Rate; Market Economy; World Economy; Human Face; Capital Flow (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-59032-8_15

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DOI: 10.1057/9780230590328_15

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