Some perspectives on globalisation

dc.contributor.authorBrink, S.M.
dc.date.accessioned2009-11-09T10:15:19Z
dc.date.available2009-11-09T10:15:19Z
dc.date.issued2001-09
dc.description.abstractMuch has been written about globalisation. Something truly insightful rarely comes to light. This article is no such attempt, it merely attempts to reconcile disparate views and tie some loose strands on the subject of increasing international integration. More specifically, the features and implications of current trade and investment patterns are awarded attention. The prominence of technological innovation is emphasised, as is the role of FDI in the diffusion of technical progress. Globalisation has implications both for developing and developed economies; for instance, its effect on growth, the consequences for macroeconomic stability and the effect on income inequality - particularly for low-skilled workers. Trade invites arbitrage in social values; social tension and populist demands for protectionism arise from this. Also, globalisation heightens economic risk and while the pressure on governments to mitigate this rises, their ability to respond effectively is dwindling, eroding the social consensus required to maintain open markets.en
dc.identifier.citationBrink, SM 2001, 'Some perspectives on globalisation', South African journal of Economic and Management Sciences, vol. 4, no. 3, pp. 458-475. [http://www.journals.co.za/ej/ejour_ecoman.html]en_US
dc.identifier.issn1015-8812
dc.identifier.urihttp://hdl.handle.net/2263/11725
dc.language.isoenen_US
dc.publisherFaculty of Economic and Management Sciences, University of Pretoriaen_US
dc.rightsFaculty of Economic and Management Sciences, University of Pretoriaen_US
dc.subjectDeveloped economiesen
dc.subjectDeveloping economiesen
dc.subjectEconomic risken
dc.subjectInvestment patternsen
dc.subjectTrade modelsen
dc.subjectTrade patternsen
dc.subject.lcshGlobalizationen
dc.subject.lcshInternational economic integrationen
dc.subject.lcshTechnological innovationsen
dc.subject.lcshWorld trade organization (WTO)en
dc.subject.lcshDeveloping countries -- Economic integrationen
dc.titleSome perspectives on globalisationen_US
dc.typeArticleen_US

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