Department of Economics and Business Economics

Introduction to globalization: Strategies and effects

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Globalization implies the continuing expansion and intensification of economic, political, social, cultural and judicial relations across borders. It is furthered by reductions in transportation and communication costs, the rise of new information technologies, such as the internet, and liberalizations in the markets for goods, services, labor, capital, and technology. Although it also occurs within existing legal structures, globalization in many cases involves political decisions about deregulation, free trade, and the integration of markets. It changes the life styles and living conditions for people around the world, presenting new opportunities to some, but risks and threats to others. Individuals, firms, governments, and transnational organizations that are lifted out of the framework of the nation state, like the World Bank, United Nations, the European Union, and multinational firms all face challenges of how to respond to globalization. The present volume provides important information to private and public decision makers who are choosing strategies for production, investment, and public policy in the increasingly globalized society.

Original languageEnglish
Title of host publicationGlobalization : Strategies and Effects
Number of pages16
PublisherSpringer
Publication year1 Jan 2017
Pages1-16
ISBN (print)9783662495001
ISBN (Electronic)9783662495025
DOIs
Publication statusPublished - 1 Jan 2017

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