Economic Aspects of the Theory of Deterministic Chaos
Synopsis
Economic globalization, which has replaced the specialization and international division of labor, creates a common economic space with uniform laws and rules for all participants. One of the characteristic features of globalization is further development of the internationalization of production, which is manifested by the joint manufacture of the final product.
The second characteristic feature of globalization is the internationalization of capital. This feature is manifested in an increased volumes of foreign investments (both direct and portfolio, through financial markets). The third characteristic of globalization is the international labor migration.
The fourth characteristics is composed from these three characteristics and represent further internationalization of the exchange of goods and services.
