English, Article edition: PROCESSES OF GLOBALIZATION IN THE WORLD ECONOMY Pavel BREINEK

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Bookmark: http://trove.nla.gov.au/version/197877
Physical Description
  • article
Language
  • English

Edition details

Title
  • PROCESSES OF GLOBALIZATION IN THE WORLD ECONOMY
Author
  • Pavel BREINEK
Physical Description
  • article
Notes
  • world economy, transnational corporations, international organizations, globalization
  • RePEc:prg:jnlpol:v:2005:y:2005:i:6:id:540:p:826-842
  • The objective of this article is to provide a survey of basic facts about process of globalization. We can define globalization as the international economic integration through particular markets. Globalization is largely continual and objective process that began approximately in the middle of nineteenth century. Main factors determining globalization are technology and liberalization and also „desire of people to participate in globalization“. On the other hand globalization reinforces these factors. Within globalization we can also see two following processes. The essence of the first one is centralization and concentration of production and capital and in the centre of second one stands a process of transnationalization. The results of these tendences are creation and action of transnational corporations. Today these firms are major entities forming present globalization. It is also necessary to give certain attention to the role of state in current world.
  • globalization, world economy, international organizations, transnational corporations
Language
  • English
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