Economics at your fingertips  

On the Dynamics of Globalization

Iván Arribas (), Francisco Perez () and Emili Tortosa-Ausina ()

MPRA Paper from University Library of Munich, Germany

Abstract: How has the process of international economic integration advanced over the last four decades? How will the foreseeable future look like? We attempt to answer this sort of questions by considering some methods which have scarcely been used in the literature on globalization. First, we consider a set of indicators which measure not only the degree of openness of economies, but also how connected they are to each other, following Arribas et al. (2007). Second, we assess how these indicators have evolved over time, what the likely steady state distribution might be, and whether results differ depending on a variety of weighting schemes (GDP, population). Results show that, under current trends, the future world will be much more integrated, especially for the most heavily populated countries. However, there is still a long way to go before the Standard of Perfect International Integration can be achieved.

Keywords: International Economic Integration; Globalization; International Trade; Network Analysis; Distribution Dynamics (search for similar items in EconPapers)
JEL-codes: F02 F15 Z13 (search for similar items in EconPapers)
Date: 2008, Revised 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) original version (application/pdf)

Related works:
Working Paper: On the Dynamics of Globalization (2008) Downloads
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:

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

Page updated 2021-09-08
Handle: RePEc:pra:mprapa:16007