Uluslararası İlişkiler Dergisi - Akademik Dergi

ABSTRACT

Globalization is difficult to characterize, because it takes place on many dif­ferent levels. Even if one could agree on “hard “ facts, yet it would not be clear how such information would affect the ac­tions of economic and social participants. At present, dramatic global change processes are taking place within the economic sphere, which permit one to speak of a new quality of internationalization and regionalization of economics. This has led to the use of the new term “globalization” to describe this devel­opment. However, in terms of such fac­tors as capital structures, management and the location of research and development facili­ties, the term “globaliza­tion,” is not applicable. Therefore, we should rather refer to a further interna­tionalization and regionalization of the global economy.

Keywords: Globalization, Globalization and Regionalization in the World Economy,  Globalization of Production, Globalization of Financial Markets, Economic and Social Effects of Globalization