THE GLOBAL INTEGRATIVE MODEL OVERVIEW
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 9
Abstract
Considering the latest evolutions in global economy and international financial system, it can be confirmed that trying to identify the global equilibrium particular mechanisms and trends, the direct or complementary effects of economic globalization and market integration, becomes the central interest of any research whether its quantitative or qualitative. But even the references in these matters are so wide; the unanimous impression still underlines the fact that national and regional economies integration in contemporary global market has exceeded the nowadays conceptual global framework. Considering that the work hypothesis formulated for the beginning of the ’80’s is evolving further radically uncontrolled, it can be underpinned that, the global capital free movement is no longer a factor for market equilibrium as “market fundamentalists†predicted and the financial integration as global process contributing significantly to the market bubbles born and burst, in the absence of any efficient global monitoring preventive or mitigating tools. In this context, the authors plead for changing the gravity center of global governance researches on those criteria that should meet on national and regional level before embracing global integration models as in accordance with a global integrative model. In this light, the authors consider that the international efforts should be focused toward remodeling first the fundamental global structures implicated in globalization process, for aiming toward a gradual integration into a global integrative functional model of economic and financial dimensions. The first step as this paperwork is reflecting, should be the definition of a coherent global integrative model designed to balance the whole scale of interests from national to global levels, seeking not only for efficient process but also for acting legitimacy and dynamic equilibrium of all processes involved.
Authors and Affiliations
Assoc. Professor Catalin POPA, PhD| Associate Professor, Naval Academy, Romania and Business Faculty Member, Higher Colleges of Technology, UAE phone: +971526290860, e-mail: catalin.popa@hotmail.com, David QUANSAH, MBA| PhD student, British University in Dubai, Dubai, United Arab Emirates phone: +971507650827, e-mail: quamegyan@yahoo.com, Shakeel CARRIM, MBA| Johannesburg University, Johannesburg, Republic of South Africa phone: +27829786415, e-mail: scarrim@hct.ac.ae, Chad DURHAM, MBA| Director and Faculty, European Study Abroad Center, Prague, Czech Republic phone: +971503759147, e-mail: c.durham@umiami.edu
Keywords
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