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Scientific paper - Preliminary note / Short communication
QUO VADIS GLOBALIZATION?
Tranzicija, 20 (2018), 42; 20-30. urn:nbn:hr:192:532747
Stojanov, Dragoljub; Jakovac, Pavle; Torić, Ana

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Stojanov, D., Jakovac, P. & Torić, A. (2018). QUO VADIS GLOBALIZATION?. Tranzicija, 20. (42), 20-30. Retrieved from https://urn.nsk.hr/urn:nbn:hr:192:532747

Stojanov, Dragoljub, et al. "QUO VADIS GLOBALIZATION?." Tranzicija, vol. 20, no. 42, 2018, pp. 20-30. https://urn.nsk.hr/urn:nbn:hr:192:532747

Stojanov, Dragoljub, Pavle Jakovac and Ana Torić. "QUO VADIS GLOBALIZATION?." Tranzicija 20, no. 42 (2018): 20-30. https://urn.nsk.hr/urn:nbn:hr:192:532747

Stojanov, D., Jakovac, P. and Torić, A. (2018) 'QUO VADIS GLOBALIZATION?', Tranzicija, 20(42), pp. 20-30. Available at: https://urn.nsk.hr/urn:nbn:hr:192:532747 (Accessed 26 April 2024)

Stojanov D, Jakovac P, Torić A. QUO VADIS GLOBALIZATION?. Tranzicija [Internet]. 2018 [cited 2024 April 26];20(42):20-30. Available at: https://urn.nsk.hr/urn:nbn:hr:192:532747

D. Stojanov, P. Jakovac and A. Torić, "QUO VADIS GLOBALIZATION?", Tranzicija, vol. 20, no. 42, pp. 20-30, 2018. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:192:532747. [Accessed: 26 April 2024]

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Metadata
Title (english)QUO VADIS GLOBALIZATION?
AuthorDragoljub Stojanov
AuthorPavle Jakovac
AuthorAna Torić
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
In this paper, we propose a political-economic approach towards globalization and economic theory. We dialectically arrive to the conclusion that globalization is a process of transforming territorial (national) states into a market state dominated by transnational (or mega) corporations and international (or mega) financial institutions. This represents a new stage in the development of capitalism, a stage we call cybernetic mega-capitalism or capitalism III (Adam Smith’s free market capitalism would be capitalism I and Keynes's state interventionism would be capitalism II). Within such a context, we suggest that the existing economic theory is lost in the labyrinth of such a transition. We are afraid that the dynamic of globalization might transform the existing neoclassical economic theory into neuro-neoclassical economic paradigm that might raise many outstanding issues for both economists and politicians such as the issue of global governance or the issue of democratic deficit.
Keywords (english)
Languageenglish
Publication typeScientific paper - Preliminary note / Short communication
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleTranzicija
Numberingvol. 20, no. 42, pp. 20-30
p-ISSN1512-5785
URN:NBNurn:nbn:hr:192:532747
Publication2018
Document URLhttps://hrcak.srce.hr/221422
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2020-07-20 21:30:35