Original Research

Post-Soviet globalisation

M. P. van der Hoek
South African Journal of Economic and Management Sciences | Vol 4, No 3 | a2654 | DOI: https://doi.org/10.4102/sajems.v4i3.2654 | © 2018 M. P. van der Hoek | This work is licensed under CC Attribution 4.0
Submitted: 09 July 2018 | Published: 30 September 2001

About the author(s)

M. P. van der Hoek, Law School, Erasmus University, Rotterdam, Netherlands; and Academy of Economic Studies, Romania

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Abstract

In this paper, I will focus on the current situation with regard to globalisation from a historical perspective, while I will also look at possible future developments. The term globalisation appeared in a dictionary for the first time in 1961, but the concept of globalisation is not always clear. According to Levitt (1993) a global corporation "operates (...) as if the entire world (or major regions of it) were a single entity; it sells the same things in the same way everywhere". This describes a problem of some of US companies operating in foreign markets rather than to define globalisation meaningfully. Globalisation is sometimes viewed as synonymous to internationalisation, increasing international interdependence, or as a development towards relations acquiring relatively distanceless and borderless qualities. I interpret globalisation as economic integration of countries in the world economy on the basis of open markets and free movement of goods, services, workers and capital.

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