This article features a set of indicators designed to measure international economic integration and globalization. We analyze the degree of openness and the respective networks of connections---both direct and indirect---for each economy in our sample. Our indicators are based on network...

How has the process of international economic integration advanced over the last four decades? How will the foreseeable future look like? We attempt to answer this sort of questions by considering some methods which have scarcely been used in the literature on globalization. First, we consider a...

In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...

One of the most remarkable features of globalization is the boost undergone by international trade triggered off by advances in technology that have contributed to reduce the cost of trade (e.g., transportation and communication costs). Under these circumstances, the importance of distance...

We discuss issues pertaining to the political economy of “globalization”, in the context of the seminal contribution by Stephen Hymer. While Hymer’s contribution to the theory of the multinational enterprise (MNE) and foreign direct investment (FDI) is widely recognized, his contribution...

On the cusp of the millennium and as the century that was supposed to belong to Canada draws to a close, we find ourselves as a medium-sized nation exercising an influence out of all proportion to our size. This special issue on Canada in the Global Economy gives us a chance to sum up where we...

"By globalization, national economies strengthen their ties towards each other; the same process causes growing interdependence" (Duwendag 2003, p. 119). Internationally agreed standards are regularly called for to guide and direct the process of globalisation. E. g. the German Vice-chancellor...

Maintaining today’s global imbalances would help to overcome the major disproportion of our times – income gap between developed and developing countries. This gap was widening for 500 years and only now, in the recent 50 years, there are some signs that this gap is starting to decrease. The...