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Global Financial Turbulence in the Euro Area

Polish Perspective


Alojzy Nowak

For many years Alojzy Z. Nowak has been observing the major trends in the global economy. In this volume he presents articles by different authors who analyse the impact of the current crisis in the financialisation of the world economy. The contributions also discuss the ethical failures in the most recent financial upheavals and take into account the Polish perspective of these matters. There is a special focus on the question of whether Poland should join the Euro area and how the Euro area can find solutions to its problems.
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Globalization as a Macroeconomic Megatrend


Alojzy Z. Nowak

Globalisation as a Macroeconomic Megatrend


The process of globalisation really started with great geographical discoveries, which in many cases led to colonisation of the newly found territories. There is no doubt, however, that the dynamics of supra-national relationships of an economic nature received a violent thrust together with the quick growth of the capitalist system. The market as the key element of the system increasingly forced efforts aiming at abolition of all sorts of regulation and trade barriers.

Historical Stages Upon the Way to Globalisation of Economy

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