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Article: The state of globalization: a European insider surveys the scene.
- Article from:
- The International Economy
- Article date:
- March 22, 2005
- Author:
CopyrightCOPYRIGHT 2005 International Economy Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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What has changed about the global economic structure since the early 1990s? An increasing proportion of economic activity is market-determined. Within a period of only fifteen years, major centrally planned economies have turned into market economies and several strongly regulated emerging market economies have implemented radical reforms.
All of this has stimulated very strong and ongoing growth dynamics. Consolidated and internationalized competitive conditions have ensued, continuously requiring adjustment from all economies. This challenge is accompanied in many advanced economies by demographic changes which require additional efforts.
Under ...