Economic transformation in the shadow of economic globalization

Date : 1403/04/07 | Source : kavanmehr | Group : Information

The Most Important Developments in the recent decades of the world economy is the combination and integration of national economies in the global economy, the
effects of which can be seen in the increase of international trade, the globalization of production and Foreign direct investment (FDI)
Since the globalization of the economy is a big reality that has different political,cultural and historical dimensions, it should be seen as a new social system that has
various functions. Many experts believe that globalization has more of an economic history and one of the most prominent developments that has taken place in recent
decades was the convergence and integration of national economies into global economies. What happened is due to the technological progress and the development
of information technology in line with the liberalization policies. The International Monetary Fund (IMF) believes that , globalization is the growth of economic
interdependence of countries around the world through increasing the volume and diversity of goods exchanged and services and the flow of capital across borders, as
well as through the wide and rapid spread of technology. So, the globalization of the economy can be considered a process in which the economic borders between
countries become less and less and the increasing mobility of technology resources,goods, services, capital and even human resources across borders becomes easier.
Such a process leads to an increase in production and consumption in countries. In short, the globalization of the economy is the process of integration of national
economies into an inclusive global economy in which the factors of production, labor , capital, technology and information, freely cross geographical borders, and
manufactured products, including goods and services, are freely transferred to the markets of other countries One of the main characteristics of this process is more
reliance on the market system and privatization and liberalization in its various dimensions, including commercial liberalization, financial markets and foreign
direct investment.

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