Proceedings of The 2nd International Conference on Management, Economics, and Finance
Space-Time Classification Counters of European Continent in the Context of Development of Cultural Globalization
The aim of the article is to identify a group of countries characterized by a similar development of cultural globalization over various time spans, i.e. both in the long term and short term. The analysis described in this article is based on the cultural globalization index. The research analysis was based on wavelet analysis, discrete wavelet analysis and non-linear ordering. Non-linear ordering consists, in geometric terms, in projecting objects placed in a multidimensional space of variables onto a plane. It does not allow the objects to be placed in a hierarchy, but only permits definition of objects similar to each of the objects. A discrete wavelet was used for wavelet analysis of the time series studied. In the process of discrete wavelet transformation, the received signal is divided into so-called approximation and detail. Approximation is then subjected to a subsequent division into further approximation and detail, while details are not subject to further divisions. In this way, the signal is presented as the sum of the approximation of the last level and the details from all levels. In the article, globalization is understood as a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
Keywords: dynamic programming, globalization, internationalization, wavelets, cultural globalization.