The Nature and Problems of Economic Globalization

31 Pages Posted: 4 Aug 2003

See all articles by Janno Reiljan

Janno Reiljan

University of Tartu - Faculty of Economics and Business Administration

Ele Reiljan

University of Tartu - Faculty of Economics and Business Administration

Abstract

The objective of this working paper is to point out major ways of regulating the global economy in order to increase impact of foreign trade, credits and (foreign) investments on economic growth and welfare. Some basic problems that occur in the process of balancing economic development are studied. The nature of economic globalization is determined at the beginning of the article. After this, the role of international trade, foreign direct investments and development assistance is studied. Finally, developmental differences between developed and developing countries are studied and prerequisite conditions for reducing these are presented.

Keywords: Economic Globalization, International Trade, FDI, Welfare

JEL Classification: F10, F20

Suggested Citation

Reiljan, Janno and Reiljan, Ele, The Nature and Problems of Economic Globalization. Available at SSRN: https://ssrn.com/abstract=418561 or http://dx.doi.org/10.2139/ssrn.418561

Janno Reiljan (Contact Author)

University of Tartu - Faculty of Economics and Business Administration ( email )

Narva Road 4 - A213
Tartu
Estonia
+ 372 7 375 641 (Phone)
+ 372 7 376 327 (Fax)

Ele Reiljan

University of Tartu - Faculty of Economics and Business Administration ( email )

Narva Rd. 4-A214
Tartu 51009, 51009
Estonia

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