Analysis on Phases of Globalization and Convergence
Journal of World Economic Research
Volume 7, Issue 1, March 2018, Pages: 37-43
Received: Mar. 6, 2018; Accepted: Mar. 21, 2018; Published: Apr. 11, 2018
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Authors
Bin Tang, Center for Experimental Economics in Education, Shaanxi Normal University, Xi’an, China
Guanminjia Shang, Center for Experimental Economics in Education, Shaanxi Normal University, Xi’an, China
Anli Leng, Department of Social Medicine, School of Public Health, Shandong University, Jinan, China
Ningning Yu, Institute of Higher Education Research, University of Jinan, Jinan, China
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Abstract
Globalization, along with many conceptual notions, such as economic growth, convergence has involved a mass of research works, but remains disputable based on miscellaneous samples and periods. This paper aims to discuss to what extent two phases of globalization are similar in the light of convergence and variants. With methods of historical analysis and empirical evidence synthesis, we find the first and second phases of globalization have common features on remarkable economic growth, transport costs’ decline and free and flexible trade policy, but the range and extent are moderately different. Additionally, the two phases of globalization have various convergence paths. Some new perspectives such as social and political dimensions and policy implications have been referred to.
Keywords
Globalization, Convergence, Factors
To cite this article
Bin Tang, Guanminjia Shang, Anli Leng, Ningning Yu, Analysis on Phases of Globalization and Convergence, Journal of World Economic Research. Vol. 7, No. 1, 2018, pp. 37-43. doi: 10.11648/j.jwer.20180701.14
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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