GLOBALIZATION AND THE DYNAMICS OF ECONOMIC CYCLES
DOI:
https://doi.org/10.55640/Keywords:
globalization, economic cycles, financial integration, synchronization, macroeconomic policyAbstract
This study examines the dynamics of economic cycles under globalization, focusing on how international trade, financial integration, and capital mobility influence cyclical fluctuations. The research employs a theoretical-analytical approach supported by modern macroeconomic models, including open-economy frameworks and stochastic cycle representations. The findings indicate that globalization intensifies synchronization of business cycles across countries, accelerates crisis transmission, and increases the volatility of developing economies. At the same time, it creates opportunities for growth through technological diffusion and capital inflows.
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