WORLD ECONOMY GLOBALISATION
JENICEK, V.
Abstract
The concept of international relationships is of late
being supplemented by other paradigms. One of these is globalisation1, which
was induced by technological, social and cultural changes and which has shortened
the economic distances among countries considerably. The improvement of transport
and communication technologies has decreased the transport costs of commodities,
capital, people and information. Traditional governmental policies limiting
the trans-border transactions were mitigated or removed, with the consequence
of increasing the international trade and foreign direct investments (FDI).
Globalisation is changing the characteristics of world economy and influencing
the base of the successful economic approaches to development, what in turn
increases the need of securing the economic growth sustainability.
Key words:
globalisation, world economy, global economics, globalisation
phenomena