The Challenges of Economic Globalisation: Business, Competition and Society


  • Philippe de Woot



Economic Globalisation, Market Economy Dynamics, Market and Creativity, The Citizen Enterprise, Global Markets


The opening of markets, deregulation, and privatisation create a constantly expanding economic and financial environment. These developments contribute to an economy’s globalisation, leaving the field open to enterprising and innovative players: companies and financial intermediaries.
What is new about the globalisation phenomenon is that it partly escapes from nation-state control and legislation. The pace of technical-economic change speeds up under the influence of global competition.
The world has entered into a race where speed is imposed by business dynamism and competitive games. This rhythm is often faster than that of political, civil and institutional society.

Author Biography

Philippe de Woot

Professor Emeritus, IAG, Université Catholique de Louvain




How to Cite

de Woot, P. (2002). The Challenges of Economic Globalisation: Business, Competition and Society. Symphonya. Emerging Issues in Management, (2), 11–21.