The Challenges of Economic Globalisation: Business, Competition and Society
DOI:
https://doi.org/10.4468/2002.2.03dewootKeywords:
Economic Globalisation, Market Economy Dynamics, Market and Creativity, The Citizen Enterprise, Global MarketsAbstract
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.
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