DIVERGENT STRATEGIES OF APPROACHING THE FINANCIAL GLOBALISATION
DIVERGENT STRATEGIES OF APPROACHING THE FINANCIAL GLOBALISATION

Summary/Abstract: The debate concerning the globalisation is much ampler than what the members of the two opposing camps - the opponents and the supporters of globalisation imagine. In the age of globalisation, the best economic policy must be concentrated, before anything else, at a national level. This is a market principle that has proved its effectiveness form an economic point of view. On the other hand, at an international level, there is no need for any urgent measure. A huge step has already been taken both in responding to and in surpassing the globalisation requirements. These conditions will be fulfilled under the following circumstances: as long as a stable economic policy is implemented by the states; if an effective competitive system is ensured and the effects of the globalisation phenomenon are taken into account; as long as the rights and obligations of ownership, just as the contractual liberty, are guaranteed; and, last but not least, as long as the national markets carry on their integration in the international economic circuit. Above all, this approach implies the elimination of protectionism.

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