Globalisation became truly frequented notion of our era. There is wide consent that global processes increase both risks and opportunities for individuals, enterprises as well as whole communities and countries. In spite of this, it is only seldom stated that globalisation involves also numerous...

This paper studies the relationship between globalization and territory from an institutional economics perspective. The goal is to show that the notion of territory as a specific geographic space is an important factor and that territory exists wherever human agency interacts with social,...