The process of globalization: theoretical and methodological approach to comprehensive evaluation
Keywords:
globalization, sources of globalization, KOF Globalization IndexAbstract
This article analyzes the process of globalization and global transformations. Globalization is seen as a powerful real aspect of the new world system and it represents one of the most influential forces in determining the future course of the planet. In this article the theoretical and methodological basis of the concepts of globalization are viewed. The main sources of the globalization are researched. Evolution of the interaction of the world economies in globalization process and business transnationalisation is presented. Main definitions of the notion ‘Globalization’ in chronological order from the 1974 are found. The term globalization has been widely used to describe the increasing internationalization of financial markets and of markets for goods and services. In general understanding globalization is the growing integration of economies and societies around the world. Based on the KOF Globalization Index dynamic of the process of globalization in the world and in Ukraine from 1991 to 2010 was analyzed. The article also provides the analysis of the globalization affect on the three kinds of markets.References
World Bank, Globalization, Growth, and Poverty: Building an Inclusive World Economy, Washington DC: World Bank and New York: Oxford University Press, - 2002
Balassa B. The theory of Economic Integration. - London. - 1961
Handbook of Foreign Direct Investment by Small and Medium-sized Enterprises: Lessons from Asia Executive Summary and Report of thr Kunming Conference, 2005. – 74 p.
Levitt Th. The Globalization of Market // B. de Witt, R.Meyer (ed.). Strategy. Process, Content, Context. An International Perspective. - Minneapolis, St. Paul, New York, Los Angeles, San Francisco, 1994. - 482–489 p.
World Investment Prospects Survey [Electronic resource] / Access mode: www.unctad.org/wips
Business without Borders, Nigel Healey, Economic Review, - September 1995
What is Globalisation?, Mick Brooks, October 2001. - [Electronic resource] / Access mode: http://www.marxist.com/what-isglobalisation151001-5.htm8
Globalisation, Peter Smith, Economic Review, - September 2000
Хантингтон С. Столкновение цивилизаций / С. Хантингтон // – М.: АСТ, 2005. – с. 603.
Dreher, Axel, 2006, Does Globalization Affect Growth? Empirical Evidence from a new Index, Applied Economics 38, 10: 1091-1110.
Dreher, Axel; Noel Gaston and Pim Martens, 2008, Measuring Globalization - Gauging its Consequence, New York: Springer.
