<abstract xmlns="http://www.w3.org/1999/xhtml"><p> In this paper, the authors aim to realize an in-depth analysis of the current characteristics of the globalization phenomenon from the viewpoint of the European Union and Romanian economy. The study will pursue some of the globalization indicators published by Eurostat, their status and a multidimensional perspective on their evolution. Namely, the foreign trade, the foreign direct investments, the employment, value added shall be subjected to analysis. The authors will apply statistical and econometric techniques to outline the behavior of economic globalization, depending on the values and dynamics of the support indicators. The structural and dynamic evaluation shall consider the main aspect of the multi-dimensional perspective, the geographical dimension. Both statistical and econometric tools applied lead to a set of conclusions, either general or subject-oriented, which show the present impact and trends of globalization in the European Union and Romanian economic activity. The research question was focused on how strong is the influence of globalization indicators on the economic growth for European Union and Romania. The results outline the behavior of the globalization indicators in the recent period, with focus on the effects of the economic crisis. The main indicators considered were the net export, import, export and the foreign direct investments, and their impact of the Gross Domestic Product is also revealed.</p></abstract>

In this paper, the authors aim to realize an in-depth analysis of the current characteristics of the globalization phenomenon from the viewpoint of the European Union and Romanian economy. The study will pursue some of the globalization indicators published by Eurostat, their status and a multidimensional perspective on their evolution. Namely, the foreign trade, the foreign direct investments, the employment, value added shall be subjected to analysis. The authors will apply statistical and econometric techniques to outline the behavior of economic globalization, depending on the values and dynamics of the support indicators. The structural and dynamic evaluation shall consider the main aspect of the multi-dimensional perspective, the geographical dimension. Both statistical and econometric tools applied lead to a set of conclusions, either general or subject-oriented, which show the present impact and trends of globalization in the European Union and Romanian economic activity. The research question was focused on how strong is the influence of globalization indicators on the economic growth for European Union and Romania. The results outline the behavior of the globalization indicators in the recent period, with focus on the effects of the economic crisis. The main indicators considered were the net export, import, export and the foreign direct investments, and their impact of the Gross Domestic Product is also revealed.

The Globalization in the actual Context of the European Union Economy

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"The Globalization in the actual Context of the European Union Economy"}

In this paper, the authors aim to realize an in-depth analysis of the current characteristics of the globalization phenomenon from the viewpoint of the...

The Globalization in the actual Context of the European Union Economy

Published Online: Jun 15, 2018

Page range: 739 - 750

DOI: https://doi.org/10.2478/picbe-2018-0066

Keywords
globalization, indicators, regression, dimension, trend

© 2018 Mihai Păunică, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The Globalization in the actual Context of the European Union Economy

Published Online: Jun 15, 2018

Page range: 739 - 750

DOI: https://doi.org/10.2478/picbe-2018-0066

Keywordsglobalization, indicators, regression, dimension, trend

© 2018 Mihai Păunică, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
globalization, indicators, regression, dimension, trend