Some perspectives on globalisation
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Some perspectives on globalisation | |
| Creator | Brink, S. M. | |
| Description | Much 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. | |
| Publisher | AOSIS Publishing | |
| Date | 2001-09-30 | |
| Identifier | 10.4102/sajems.v4i3.2657 | |
| Source | South African Journal of Economic and Management Sciences; Vol 4, No 3 (2001); 458-475 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/2657/1463
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