Original scientific paper
A CONTRIBUTION TO THE MEASUREMENT AND ANALYSIS OF THE GLOBALIZATION OF NATIONAL ECONOMIES
Vesna ČANČER
Vito BOBEK
Romana KOREZ-VIDE
Abstract
This paper introduces a multi-criteria method for measuring the
globalization of national economies with the intention of establishing
and thoroughly studying a country's position and potential
for international integration. It is based on some of the
advantages of the analytic hierarchy process methodology. By
utilizing the traditional theory of comparative advantages, the
new theory of competitive advantages, the theory of international
production and some adequate empirical studies, we have developed
a theoretical framework and set up a hierarchical model
of relevant indicators for measuring and analyzing the globalization
of national economies. Additionally, this paper offers solutions
for restructuring the hierarchy of the model to consider
data for all included indicators. The positions and potentials of
national economies – especially the Croatian one – were researched
in different international environments that are interesting
for international integration. For the Croatian national
economy, the empirical case study defines key success and failure
spheres of its performance in the period of contemporary globalization, and suggests some measures for economic policymaking.
Keywords
the analytic hierarchy process; economic policymaking; globalization; measurement; national economy
Hrčak ID:
18286
URI
Publication date:
30.6.2006.
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