The Impact of Economic Globalization on the Structural Indicators of Production and Employment in Processing Industries
DOI:
https://doi.org/10.24425/mper.2025.153932Abstract
The relationship between economic globalization and structural indicators of output and employment is substantiated in a processing industry. It is proved that there is a high correlation between the economic globalization index (de facto) and the shares of production in the structure of output and employment of the processing industries of Poland, Italy, France, and Germany. With the help of regression equations, possible structural changes in output and employment in the processing industries of the analyzed countries were modelled with an increase in the economic globalization index by 5 points. To achieve the obtained results, an original methodological approach and classical methods of economic analysis were applied.References
Erixon, F. (2018). The Economic Benefits of Globalization for Business and Consumers. European Centre for International Political Economy (ECIPE), pp. 1–20. Brussel. Retrieved from https://ecipe.org/wp-content/uploads/2018/01/Globalization-paperfinal.pdf.
Estevez, E. (2022). Who Is David Ricardo and What Is He Famous For? Investopedia. Retrieved from https://www.investopedia.com/terms/d/david-ricardo.asp.
Eurostat (2022). Retrieved from https://ec.europa.eu/eurostat/web/main/data/database.
Ishchuk, S., & Sozanskyy, L. (2022). National Mechanical Engineering in Conditions of Economic Globalization. Management and Production Engineering Review, 13(4), 107–125. DOI: 10.24425/mper.2022.142399.
Ishchuk, S., Sozanskyy, L., & Pukała, R. (2020). Optimization of relationship between structural parameters of processing industry as a factor influencing its effectiveness. Engineering Management in Production and Services, 12(2), 7–20. Retrieved from https://www.empas.pb.edu.pl/Journal-Issues/Volume-12-2020/mKYlR012Qkis1Y0I7KTkLw/EMPAS-12-2-2020.
Ishchuk, S., Sozanskyy, L., & Pukała, R. (2021). Optimisation of structural parameters of the industry by the criterion of product innovation. Engineering Management in Production and Services, 13(3), 7–24. DOI: 10.2478/emj-2021-0018. Retrieved from https://sciendo.com/pdf/10.2478/emj-2021-0018.
Keynes, J.M. (June, 1933). National Self-Sufficiency. The Yale Review, 22(4), 755–769. Retrieved from https://jmaynardkeynes.ucc.ie/national-selfsufficiency.html.
KOF Globalisation Index (2022). Retrieved from https://kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html.
Kuc-Czarnecka, M., Saltelli, A., Olczyk, M., & Reinert, E. (2021). The opening of Central and Eastern European countries to free trade: A critical assessment. Structural Change and Economic Dynamics, 58, 23-34. DOI: doi.org/10.1016/j.strueco.2021.04.005. Retrieved from https://www.sciencedirect.com/science/article/abs/pii/S0954349X21000394.
Lurweg, M., Oelgemöller, J. & Westermeier, A. (March, 2010). Sectoral Job Effects of Trade-An Input-Output Analysis for Germany. CAWM Discussion Papers, 19, University of Münster, Münster Center for Economic Policy (MEP), 1–31. Münster: CAWM. OnlineResource. Retrieved from https://www.econstor.eu/obitstream/10419/51271/1/671612018.pdf.
Masteikiene, R. & Venckuviene, V. (2015). Changes of Economic Globalization Impacts on the Baltic States Business Environments. 4th World Conference on Business, Economics and Management, WCBEM. Procedia Economics and Finance, 26, 1086–1094. DOI: 10.1016/S2212-5671(15)00934-X.
Mazzucato M. (2021). Mission economy: a moonshot guide to changing capitalism. Allen Lane an imprint of Penguin Books.
OECD.Stat (2022). Retrieved from https://stats.oecd.org/index.aspx?r$=$314367{#}.
Panić, M. (1998). Transnational Corporations and the Nation State. In: Kozul-Wright, R., Rowthorn, R. (Eds.) Transnational Corporations and the Global Economy. Palgrave Macmillan, London, 244-276. DOI: 10.1007/978-1-349-26523-7_9.
Shangquan, G. (2000). Economic Globalization: Trends, Risks and Risk Prevention. CDP Background Economic & Social Affairs, 1, 1–10. Retrieved from https://www.un.org/en/development/desa/policy/cdp/cdp_background_papers/bp2000_1.pdf.
Stiglitz, J. E. (2002). Globalization and its Discontents. New York: W.W. Norton & Company. 282, ISBN: 0-393-05124-2.
World Trade Observer (1999). Eight Myths of Economic Globalization. International Forum on Globalization, 5. Washington. Retrieved from https://depts.washington.edu/wtohist/World_Trade_Obs/issue5/8myths. htm.