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2014•Procedia - Social and Behavioral SciencesOpen access

The Assessment of the Manifestation of Economic Globalization: The International Trade Factor

Irena Pekarskienė, Rozita Susnienė

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Abstract

International trade is not only one of the major driving forces of economic globalization, but also one of the most conspicuous manifestations of globalization process, i.e. the country's international trade development has a direct impact on the level of economic globalization of the country. The article examines the indicators of international trade in this context, and discusses which ones best reflect the level of economic globalization of the country or individual sector of economy.

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International trade is not only one of the major driving forces of economic globalization, but also one of the most conspicuous manifestations of globalization process, i.e. the country's international trade development has a direct impact on the level of economic globalization of the country. The article examines the indicators of international trade in this context, and discusses which ones best reflect the level of economic globalization of the country or individual sector of economy.

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Available abstract

International trade is not only one of the major driving forces of economic globalization, but also one of the most conspicuous manifestations of globalization process, i.e. the country's international trade development has a direct impact on the level of economic globalization of the country. The article examines the indicators of international trade in this context, and discusses which ones best reflect the level of economic globalization of the country or individual sector of economy.

Key concepts: Globalization, Context (archaeology), Economic globalization, Economics, Economic integration, International trade, International economics, Economic system

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