THE CONCEPT OF GLOBALIZATION OF ECONOMY; THE ANALYTICAL PROCESS

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RAZMI Z.

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Journal: ECONOMIC RESEARCH REVIEW Year:2004 | Volume:4 | Issue:2 Page(s): 197-228

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Title

THE CONCEPT OF GLOBALIZATION OF ECONOMY; THE ANALYTICAL PROCESS

Author(s)

RAZMI Z. | Issue Writer Certificate

Keywords

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Abstract

The present article primarily considers the concept of globalization and studies the trend of economy from past to the globalized era. Also by studying the ascending trend of direct foreign investment and the third world, this article concludes that only 30% of direct foreign investment goes to the economy of the developing countries. With this, the article continues with the survey of the status of the third world in the global system. Furthermore, in view of the existing gap between the developed and un-developed economy the article examins a solution based on exportation and considering the lower level of exportation in the developing countries compared with that of developed countries, it recommends regional trade laiseez fairism. In order to enter the global system, particularly taking into consideration the increasing competitions going on, we should create relative advantage which itself requires; capital, specialized work force and training of human resource and appropriate political relations and also removing of all non-petrolium exportation obstacles. In globalized era, theoritical knowledge predominates over practical knolwledge and becomes the main source of innovation and policy formulation, for which we present an analytical model.

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APA: Copy

RAZMI, Z.. (2004). THE CONCEPT OF GLOBALIZATION OF ECONOMY; THE ANALYTICAL PROCESS. ECONOMIC RESEARCH REVIEW, 4(2), 197-228. SID. https://sid.ir/paper/395123/en

Vancouver: Copy

RAZMI Z.. THE CONCEPT OF GLOBALIZATION OF ECONOMY; THE ANALYTICAL PROCESS. ECONOMIC RESEARCH REVIEW[Internet]. 2004;4(2):197-228. Available from: https://sid.ir/paper/395123/en

IEEE: Copy

Z. RAZMI, “THE CONCEPT OF GLOBALIZATION OF ECONOMY; THE ANALYTICAL PROCESS,” ECONOMIC RESEARCH REVIEW, vol. 4, no. 2, pp. 197–228, 2004, [Online]. Available: https://sid.ir/paper/395123/en

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