palgrave; significado de globalizacion y economia en ingles

globalization:
Globalization and the welfare state are commonly considered to be related; more precisely, many people believe that globalization exerts a negative influence on the size and scope of the welfare state. This contention has been examined in an impressive number of scholarly investigations. Since globalization has far-reaching effects on income distribution, this issue has, however, attracted not only social scientists but also all kinds of political entrepreneurs: well-meaning public figures concerned with the globalization-induced social dynamic, political demagogues vying for political support, and even street rioters.


economy:
The second economy in the Soviet-type command economies (STEs) was defined by Grossman (1977) as all economic activities that are either undertaken directly for private gain or are knowingly illegal in some substantial way. Both legal and illegal economic activities fall within this definition. The second economy served as a precursor of the unofficial sector in the economies in transition. Accordingly, the institution of unofficial economy in transition is properly understood as an heir to the second economy in the STEs.