The process of globalization: Good and bad sides
The purpose of the paper is to point out the factual state of the globalization process, the positive and negative aspects of this process, which relate to the aspirations of world powers to shape the world in technological, economic, informational, political and cultural terms. Globalization encour...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Pristina in Kosovska Mitrovica, Faculty of Economics
2021-01-01
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| Series: | Ekonomski Pogledi |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/1450-7951/2021/1450-79512102099M.pdf |
| Summary: | The purpose of the paper is to point out the factual state of the globalization process, the positive and negative aspects of this process, which relate to the aspirations of world powers to shape the world in technological, economic, informational, political and cultural terms. Globalization encourages the spread of integration, market openness, capital transfer, but at the same time the emergence of spiritual and material superficialities and gaps. Therefore, many point out the downsides of this process. On the other hand, globalization has a multiple impact on the economy of all countries, and it concerns foreign direct investment and the movement of people and capital from country to country. As production at the global level is rationalized and new technologies spread, countries can increase production, and thus the level of wages and living standards, and due to the unification of various regulations between countries, trade becomes easier and more useful for all participating countries. For this and similar reasons, some authors point out the advantages of globalization over disadvantages. The aim of the paper is to point out that the advantages should not be denied, but the greater presence of disadvantages should be noticed. |
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| ISSN: | 1450-7951 2334-7570 |