Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Globalization

  • Danny CassimonEmail author
  • Peter-Jan Engelen
  • Hanne Van Cappellen
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_194

Definition

Globalization is the ongoing process of increasing interconnectedness between cross-boundary actors, driven by flows of people, ideas, goods, and capital. Globalization reduces the relevance of these national boundaries and stimulates the emergence of complex networks that foster the exchange and integration of technologies, economies, governance, communities, and culture.

Introduction

In this contribution, we first define and conceptualize globalization by distinguishing between de jure and de facto forms of globalization and by highlighting its main dimensions. From this conceptualization, we then derive and discuss how we can and are measuring globalization, again in its crucial dimensions; using these measures, we analyze and discuss how globalization has evolved over time and across countries or country groupings. We then look at the consequences of globalization and ways to govern it, from the perspective of three complementary perspectives, the market-centered,...

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  • Danny Cassimon
    • 1
    Email author
  • Peter-Jan Engelen
    • 2
    • 3
  • Hanne Van Cappellen
    • 4
  1. 1.Institute of Development Policy and Management (IOB)University of AntwerpAntwerpBelgium
  2. 2.Utrecht School of Economics (USE)Utrecht UniversityUtrechtThe Netherlands
  3. 3.Faculty of Business and EconomicsUniversity of AntwerpAntwerpenBelgium
  4. 4.Institute of Development Policy (IOB)University of AntwerpAntwerpBelgium