Keywords: globalisation, agent-based simulation, economic networks, network nodes
The effects of globalisation on a network's nodes of different structural characteristics: a heterogeneous agent simulation
A network, as a set of interconnected nodes, is inextricably intertwined with globalisation. While most pro-globalisation advocates generally examine the impact of external or openness factors and analyse the effect on the agents or firms that participate directly in the process. Anti-globalisation advocates focus on the economic sectors that have lost out in the process of globalisation and rejected from the process: the marginal elements. The two approaches are both partial in many respects. To overcome these limits, we present an agent simulation model in which each node has a 'personal' efficiency degree that depends not only on the number of connections it has, but also on its intrinsic qualities. To increase its image, a hub must increase its efficiency and discard the non-useful connections. This increases the possibility of being chosen for a connection. We will show how the effects of globalisation on both the marginal and integrated elements can be explained mainly on the basis of their efficiency and adaptability characteristics.