Author(s)

Chenxin Li ¹, Yunhan Cui ¹

Affiliation(s)

¹ San Diego State University, 5500 Campanile Drive San Diego, CA 92182

Corresponding Author

Chenxin Li

ABSTRACT

This article provides an overview of global economy by looking into various trade agreements between countries. By examining the effect brought by globalization, we mainly focusing on the economy development under representative economy integration. Based on the statistic under the collaboration, both the positive economic effects and negative drawbacks are demonstrated. We also look into the association between the level of openness and financial market, further analysis the role playing by the economic structure.

KEYWORDS

globalization, NAFTA, economic growth, free trade agreement, tariffs, European Union, Single Currency

CITE THIS PAPER

Chenxin Li, Yunhan Cui. Research of Economic Development under Globalization Impacts. Financial Engineering and Risk Management (2020) 3: 71-75. DOI: http://dx.doi.org/10.23977/ferm.2020.030110.

REFERENCES

[1] Chang R, Kaltani L, Loayza NV (2009) Openness can be good for growth: The role of policy complementarities. Journal of development economics 90: 33–49.
[2] Ciuriak, D (2018) Winners and Losers in International Economic Integration: The Distributional Effects of NAFTA
[3] Dreher A (2006) Does Globalization Affects Growth? Empirical Evidence from a New Index. Applied Economics 6: 1091–1110.
[4] Sachs J, Warner A, Åslund A, Fischer S (1995) Economic reform and the process of global integration. Brookings Papers on Economic Activity 1995: 1–118.

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