Abstract

LASCURAIN FERNANDEZ, Mauricio. CHALLENGES OF ECONOMIC GLOBALIZATION. rev.relac.int.estrateg.segur. [online]. 2017, vol.12, n.1, pp.23-50. ISSN 1909-3063.  https://doi.org/10.18359/ries.2462.

This article aims to analyze the main elements of the current process of economic globalization as trade liberalization and the flow of foreign direct investment and capital mobility. The consequences of these elements demand a series of criticisms and proposals on how local governments must address globalization and what should be the role of international institutions as an instrument that contributes to integration, particularly of the least developed nations, in the world economy. The purpose of this study is to empirically determine the positive and negative effects of economic globalization on national societies, in order to create better public policies that allow an alternative to global governance and a rapid adaptation to global integration.

Keywords : Economic impacts of globalization; International Investment; Multinational firms; Trade.

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