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A Theory of Sustainable Sociocultural and Economic DevelopmentEconomy and Globalization

A Theory of Sustainable Sociocultural and Economic Development: Economy and Globalization [An expanding free market system, cheaper and more efficient transportation systems, and faster, more reliable communications systems have pushed national economies to link with each other, forming a global economy. Meanwhile, the internationalization of major financial, trade, and investment markets have made economic globalization a dynamic, self-sustaining, ever-expanding process that recognizes no political borders, ideologies, or national sovereignties. In the process, globalization has enabled regions within national borders to move in different directions at different speeds according to their particular strengths and historic connections to exploit available opportunities, causing many national economies to be divided into regional economies with characteristics different from the national one. As a result, some of the economic links that used to tie regions within nation-states together have begun to fracture, and others that link them to foreign markets have gradually strengthened.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Theory of Sustainable Sociocultural and Economic DevelopmentEconomy and Globalization

Rabie, Mohamed
Springer Journals — Dec 29, 2015
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12 pages

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88759-0
Pages
81 –93
DOI
10.1007/978-1-137-57952-2_7
Publisher site
See Chapter on Publisher Site

Abstract

[An expanding free market system, cheaper and more efficient transportation systems, and faster, more reliable communications systems have pushed national economies to link with each other, forming a global economy. Meanwhile, the internationalization of major financial, trade, and investment markets have made economic globalization a dynamic, self-sustaining, ever-expanding process that recognizes no political borders, ideologies, or national sovereignties. In the process, globalization has enabled regions within national borders to move in different directions at different speeds according to their particular strengths and historic connections to exploit available opportunities, causing many national economies to be divided into regional economies with characteristics different from the national one. As a result, some of the economic links that used to tie regions within nation-states together have begun to fracture, and others that link them to foreign markets have gradually strengthened.]

Published: Dec 29, 2015

Keywords: Interest Rate; Comparative Advantage; World Trade Organization; Global Economy; Federal Reserve

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