Globalization: An Analytical Framework
Posted: 5 Feb 2013
Date Written: June 1, 1996
Abstract
The paradigm example of globalization is the global integration of financial markets. Globalization has significant implications for New Zealand -- a small island nation far from the centers of world capital -- that flow from the particular characteristics of New Zealand's economy. In order to sustain current levels of economic growth, the New Zealand government has adopted a liberal policy to attract foreign capital. In the future, a major task for New Zealand is to align further the internal logic of the deregulatory process as expressed in domestic legislation with an international environment in which domestic economies are more globally integrated. This article argues that the concept of globalization provides a new analytical framework for accomplishing that task.
Keywords: Globalization, Foreign Direct Investment, New Zealand
JEL Classification: K22
Suggested Citation: Suggested Citation