Literature review concerning the relationship between globalization and regionalization in the world economy

Andrei Balasan

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we review the literature on regionalization and globalization and implicitly the impact these two processes have over the world economy. Characterized by a several number of studies, this research is focused on different time periods, methodologies and model parameters. We identify the key empirical findings from the literature and analyze the impact of the relationship between globalization and regionalization on prices, wages, capital flows and the labor market. The results offer clear evidence that these two processes are not mutually exclusive and cannot be analyzed separately from each other. Future research should examine closely the impact of globalization and regionalization over population's purchasing power.

Keywords: regionalization; globalization; literature review (search for similar items in EconPapers)
JEL-codes: F0 F01 F1 F15 (search for similar items in EconPapers)
Date: 2012-06-30
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:39746

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