The Evolution of FDI in the Context of Globalization

Author:Valeriu Laurentiu Onose, Ecaterina Necsulescu
Pages:498-504
SUMMARY

The importance of studying globalization under its most important aspects in economic terms is relevant in terms of the major influences that determine them as operating environment, development and manifestation of a country‘s economy. Globalization is a current, continuous process, accompanying the evolution of the society, the changes they produce are different from those prevailing in the... (see full summary)

 
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European Integration - Realities and Perspectives. Proceedings 2015
498
The Evolution of FDI in the Context of Globalization
Valeriu Laurenţiu Onose1, Ecaterina Necşulescu2
Abstract: The importance of studying globalization under its most important aspects in economic terms is
relevant in terms of the major influences that determine them as operating environment, development and
manifestation of a country‘s economy. Globalization is a current, continuous process, accompanying the
evolution of the society, the changes the y produce are different from those prevailing in the first d ecades after
the second world war. In the specialized literature there are presented the views according to which
globalization can be defined in different ways depending on the considered level. In accordance with these
views, we may speak of the globalization of the world, into a single country, of a certain industry, of a
corporation or a business relationship or functions within a company. In our paper globalization refers to
increasing the economic interdependence between countries, reflected by increasing the cross -border flows of
goods and services, capital and know-how, the volume of incoming and outgoing flows of foreign direct
investments. At the level of a certain country, globalization refers to the extension of the interconnections
between the econo my of a country and the rest of the world. In this regard, it is noteworthy that, despite the
increasingly globalized world, not all states are equally integrated into the global economy.
Keywords: globalization; cross-border trade flows; foreign direct investment; the regional distribution of FDI;
set of sustainable development goals
1. Introduction
The origins of globalization as it is currently known, are not new, however, the increasing dynamics of
globalization is relatively recent.
Globalization becomes a process of creating a global dimension, with immunity and own structure in
every aspect of a state in which the whole world is identifiable in itself, with its own economic
mechanisms, and other subsystems of the new assembly, such as: culture, technology etc.
As an expression of globalization, dynamism of the national firms, their ability to invest and innovate,
both through its own resources and by acquiring appropriate technology had led to expansions and
operational relocations, beyond borders and thus contributing to the enhancement of the
1 CECCAR (The Experts and Licensed Accountants of Romania - Galati Branch, Romania, Address: 3 Maior Iancu Fotea
Str., bl. L, sc. 1, et. 1, Galati 800017, Romania, E-mail: ceccargalati@ceccargalati.ro.
2 Senior Lecturer, PhD, ―Danubius‖ University o f Galati, Romania, Address: 3 Galati Bo ulevard, 800654 Galati, Romania,
Tel.: +40.372.361.102, fax: +40.372.361.290, Corresponding author: necsulescu.ecaterina@univ-danubius.ro.

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