Conclusion

Abstract

The definition of globalization is elusive, spreading over multiple dimensions. There are important social, cultural, gender, ethnic and political determinants of the nation states and their relations. Some of these dimensions are considered in Chapter 2 of Volume II. This book abstracts for analysis the economic, financial, business and legal issues. Thorough examination of the economic and financial issues dictates the focus on IEI: the analysis of increasing cross-border flows of goods, capital, ideas, people and technology. The results from IEI assist in determining IEFP, consisting of the policies of individual nation states and IOs with the objectives of preserving the welfare of countries and the world as a whole. IEI consists of the analytical framework of economics. IEFP is the application of the analytical framework to the normative or policy issues.