ISBN:
9789264111899
Language:
English
Pages:
Online-Ressource (157 p)
Parallel Title:
Print version OECD Insights: Economic Globalisation
DDC:
303.482
Keywords:
Electronic books
Abstract:
Few subjects are as controversial - and poorly understood - as globalisation. While in its broadest sense, economic globalisation is as old as trade itself, the recent financial crisis has amplified the complexity associated with the global interconnectedness of the world's economies and its ramifications on our livelihoods. This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s. It also considers its impact in four crucial areas, namely employment, development, the environment and financi
Description / Table of Contents:
Foreword; Acknowledgments; Table of contents; 1. Introduction; By way of introduction…; What kind of globalisation?; A highly controversial phenomenon; What this book is about; Box: Some new faces of the globalised economy; 2. The merchant, the inventor and the ruler (from the neolithic period to the Second World War); By way of introduction…; The origins of economic globalisation (from Antiquity to the 14th century); Empires and world economies; The Middle Ages: European downturn, Asian dynamism; The new horizons of the Renaissance (15th century-18th century); Trade - A tool of power
Description / Table of Contents:
The Industrial Revolution and the explosion of international trade (late 18th century-1914)Box: Until the early 19th century, global GDFP per capita grew very slowly. Asia and Europe remained shoulder to shoulder for a long time; Figure: Increasingly affordable shipping; Figure: Economic expansion of European countries, 16th century-21st century; The two World Wars stall the globalisation process (1914-45); Box: The Smoot-Hawley Tariff Act, a protectionist over-reaction; Find out more; 3. Growing economic integration in a divided world (from 1945 to the 1990s); By way of introduction…
Description / Table of Contents:
A new global ecosystem favourable to tradeFigure: Trade and transaction costs have diminished; Borders open to trade: The GATT-WTO dynamic; The free movement of capital; Do regional economic organisations drive or hinder globalisation?; The major role of MNEs; The quest for raw materials and the convergence of distribution markets; The fragmentation of production and quest for low-wage countries; The era of networked MNEs; Box: Thanks to its optimised global supply chain, assembly time for the Boeing 737 dropped from 45 to 8 days; Figure: The history of globalisation is not linear
Description / Table of Contents:
Find out more4. A global or semi-global village? (1990s to present); By way of introduction…; The (almost) flat world of goods and capital; A world goods superstore?; Figure: Exponential world trade, up to the crisis…; Intermediate goods, the first driver of trade; An incomplete globalisation of goods; Box: In real life; The golden years of financial globalisation; Widespread cross-border investments; The dynamism of developing countries with regard to FDI; Figure: Very dynamic foreign investment, until the crisis hits…; Increasingly integrated financial markets; Some facts and figures
Description / Table of Contents:
Principal causesBut financial globalisation is still incomplete; Services and workers: A case of "semi-globalisation"?; The intense internationalisation of a small number of services; Highly controlled labour flows; The globalisation of brain power; By way of conclusion…; Box: A conversation; Find out more; 5. Does globalisation promote development?; By way of introduction…; Globalisation has promoted the development of emerging countries; Figure: Trade growth in emerging countries; Globalisation promotes the "convergence" of new countries; Newly attractive countries to "northern" countries
Description / Table of Contents:
Figure: The shift in global wealth
Note:
Description based upon print version of record
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