publication . Article . 2015

Globalization – Chances or Risks

Open Access English
  • Published: 01 May 2015 Journal: Global Economic Observer (issn: 2343-9742, eissn: 2343-9750, Copyright policy)
  • Publisher: Nicolae Titulescu University
There are for and against arguments as regards the process of globalization. But what is globalization: a concept, a reality or a state as such? We can consider that globalization reflects the natural continuity of a process that appeared a long time ago and that has evolved ever since or a new phenomenon that was generated by the speed with which new technology and information flow. Milton Friedman, a fervent supporter of globalization, gives an answer to the question “what is globalization”; according to him, “globalization is not a simple tendency or phantasy but rather an international system. It is the new system that has replaced the Cold War system and th...
free text keywords: monetary policy, financial policy, sudden-stop, sovereign debts crisis, sudden formation of fixed capital, aggregated offer, aggregated demand., Social Sciences, H, Economics as a science, HB71-74
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