The Aspects Of Globalization

1301 Words6 Pages
Globalization is a process of the ever-increasing impact of different elements of global significance on the social reality throughout numerous countries around the world that include closer economic and political relations, cultural and information exchange. The primary factor of globalization is economic, that is presented within the existence of multinational corporations operating in the great number of countries and using new historical circumstances to their advantage. However, globalization is not related to a kind of a mixture of heterogeneous processes. Globalization is an objective process, which determines the qualitative changes in the global space, increase interconnectivity and uniqueness of individuals or civilizations in general.…show more content…
Some researchers have gone this far, that they predict that global forces such as multinational companies and other global economics, global culture or different globalizing ideology are so strong that the question arises whether in further there is a chance for an existence of individual national states. Some of people lay great hopes on globalization as a panacea for the various distortions within the economic structure. On the other hand, others - anti-globalists - fiercely hate and abuse in every way all that is connected with the globalization. The subject of lively debates is everything - what globalization is, when it started: there are different views on whether a globalization is a phenomenon of the last few decades, whether the globalization occurred at the time when one nation could establish contacts with other people located on the opposite side of the globe. How does globalization relate to other processes in public life, what are its immediate and long-term consequences. And what can be called globalization and what is not. The abundance of opinions, approaches, assessments by itself does not guarantee a thorough study of the…show more content…
Globalization, covering all regions and sectors of the world economy, fundamentally changes the relationship between the external and internal factors in the development of national economy in favor of the former. Any of national economy regardless of the size of the country (large, medium, small) and the level of its development (developed, growing or transitional) can no longer be self-sufficient, and be only based on the available factors of production, technology and capital needs. No state is able to efficiently build and implement an economic development strategy, without taking into account the priorities and the basic rules of conduct of participants of the world economic
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