Nikoloski, Krume and Paceskoski, Vlatko (2015) Contradictions of the Process of Globalization in the World Economy. International Affairs and Global Strategy, 33. ISSN 2224-8951
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Abstract
Globalization is the process by which the world is interconnected through technology and powerful
infrastructure for the purpose of communicating and managing resources. Globalization seems to talk
about several vibrant phenomena which ensure two major components. Firstly, they function across
national boundaries and secondly, they result in higher incorporation or interdependence of human
societies. It is therefore one aspect of development that affects the world in general, from every point
of human view. This paper tries to present from a historical perspective, financial globalization is not a
new phenomenon, but the depth and breadth of globalization today are unprecedented. The recent
wave of globalization has generated an intense debate among economists, attracting both strong
supporters and opponents. This paper tries to present a balanced view of financial
globalization,outlining the benefits and risks that globalization entails for developing countries and
emerging markets. The paper revisits the arguments and evidence that can be used in favor of and
against globalization. Starting from here in this paper is implemented analysis and are given answers
how today in the era of globalization the economic allocated in the world economy, the causes for the
weakness in the global economy and the transformation of power in the world economy.
Keywords: globalization, economic power, transformation, international trade, international finance
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Krume Nikoloski |
| Date Deposited: | 16 Nov 2015 09:09 |
| Last Modified: | 16 Nov 2015 09:09 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/14237 |
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