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Globalization and evolutionary processes in contemporary economy
Univeristy of Niš, Faculty of Economy
Project:
Projekat Ministarstva nauke Republike Srbije, br. 149052

Keywords: globalization; evolution; institutions; selection processes
Abstract
Globalization of the international economy and its relevant aspects will be examined in the paper. It will be suggested that the theoretical framework of the neoclassical economics is insufficient in evaluating the scope and mechanisms of the global economy. Evolutionary economics can provide helpful theoretical basis for the analysis of the multidimensional phenomena related to globalization.
References
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Langlois, R. (1986) Rationality, institutions and explanation. in: Langlois R [ed.] Economic as a process: Essays in the new institutional economics, Cambridge, itd: Cambridge University Press / CUP
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article language: English
document type: unclassified
published in SCIndeks: 28/02/2008

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