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'a worldwide exploratory study of the influence of globalisation on cooperation and trust', report for the human and social development programme, 2005 grimalda, g. Does globalisation make people more co operative? some preliminary results from an experimental investigation, mimeo grimalda, g. Can labour market rigidity lead to economic efficiency? the technological change link, csgr working paper 186/05. 'the consitutuion of the not for profit organisation: reciprocal conformity to morality', constitutional political economy, vol.

249 276 lsquo one or many kuznets curves? short and long run effects of the impact of skill biased technological change on income inequality rsquo , with marco vivarelli , csgr working paper n. 144/04 submitted to journal lsquo the constitution of the not for profit organisation: reciprocal conformity to morality rsquo with lorenzo sacconi , forthcoming on constitutional political economy. 16 a version also forthcoming on the papers and proceedings of the conference ldquo the paradoxes of happiness in economics rdquo university of milano bicocca, 2003 ed. Luigino bruni lsquo co operation and trust on the global scene: an experimental study rsquo with nancy buchan , mimeo background paper for the research project lsquo globalisation, norms of co operation and trust: an international experimental investigation rsquo report on the csgr workshop lsquo globalisation, co operation and trust rsquo , csgr newsletter n. 12 lsquo on globalisation and income inequality rsquo with marco vivarelli , csgr newsletter n. 11 report on the 2003 csgr conference lsquo international financial crises: what follows the washington consensus? rsquo with marcus miller , csgr newsletter n.

10 globalisation can be described as a dynamic process that links the economy of a nation with the world economy through economic and non economic forces. In this paper i shall confine myself to the economic forces of globalisation and in particular to cross border capital flows. The process of globalisation has its origins in antiquity but recent innovations in information and communications technology has speeded up the process and also heated up the controversies surrounding the costs and benefits of globalisation.

In this paper i propose to use some well tested simple economic models to examine in a cool manner some of the hot topics of economic globalisation. Economists have a remarkable propensity to disagree among themselves and this came to the attention of the literary icon bernard shaw and irked a us president demanded advice from the non existent one handed economist. Economists use models to analyse complex problems and give answers that may be technically correct. But just like the answer given to the hot air balloonists who got lost and asked directions, the answers may be technically correct but not operational a famous joke about economists. To make the answers operational it is necessary to interpret the answers in the light of country specifics.

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If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the citations tab in your profile, as there may be some citations waiting for confirmation. Please note that corrections may take a couple of weeks to filter through the various repec services. However, there are factors which are all embracing and leave a mark on the lives of everyone. Drinking columbian coffee and indian tea, eating food from mcdonalds, using american iphone, driving a german car, travelling to maldives, talking to people from other countries via skype, investing money abroad, and doing other usual activities make everyone a part of the globalisation process. Thus, this paper mainly focuses on defining globalisation and examining positive and negative effects it has. Definition of globalisation globalisation is usually defined as a process of vanishing economic, social, cultural, political, and technological borders between different countries jones amp austin2010, p.

Barriers which separate countries from each other reduce in order to encourage free movement of goods, services, labour, and capital rudra amp jensen 2011, p. The term `globalisation` was introduced about a half of a century ago scholte 2002. Nowadays, globalisation is the concept which touches various disciplines and different theoretical approaches scholte 2002. It brought significant changes to society, business, culture, and the world in general like ldquo a powerful force that cannot be denied rdquo ukpere 2009. Globalisation stimulates countries to develop international relationship, interact with foreign businesses, and participate in international organisations. Globalisation is quite often referred to as internationalisation for instance, hirst and thompson call it an extreme form of internationalisation.

In the same way, liberalisation is a valuable side of globalisation since borders and restrictions on resources and capital flow are removed scholte 2002, p. Positive consequences of globalisation globalisation is a strong force, which influences countries and regions from the inside as well as international relationship between countries. Its enormous positive impact can be noticed in development of international trade, international workforce migration, capital flow, cultural exchange, existence of international and interregional organisations, etc. Globalisation supporters claim it to raise the living standards, spread technologies, and promote economic integration by exchanging products, capitals, and workforce. Every region can specialise on a particular production type which is the most appropriate to the territory and its resources. Every region gets enough of different kinds of products after trading them with each other ldquo global trade is necessary to balance supply and demand across regions rdquo godfray et al.

Along with production specialization, accessibility of resources is a key factor. As a positive result of globalisation, international and regional organisations rsquo activities have intensified. International organisations deal with poverty, hunger, terrorism, solve political issues, and regulate international finance and international economy. Well known international financial institutions, such as world bank, european central bank, and european bank for reconstruction and development, were formed in order to regulate financial issues in the world and separate regions. Moreover, there are international health organisations, commodity cartels, food security, human rights, and environment institutions.

Exploratory Paper on Globalisation Text

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