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  1. 1 Central European Review of Economics & Finance

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  1. 1 Sporek T.

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  1. 1 2017

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Rising significance of globalization in international relations

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Sporek T.
Central European Review of Economics & Finance
|
2017
|
issue Vol. 17, No 1
5-32
EN
Globalization should be treated as a process of spreading, in the world scale, the connections which are typical for the local economic conditions. This phenomenon is associated with the creation of transnational culture and progressively deepening network of social interactions. The mass exchange of people, commodities, services and capitol on the global scale is carried out through modern means of communication and transport technologies. This process includes also long-distance migration of people. The globalization can mean both potential profits and new chances, but on the other hand, it can cause serious threats and huge challenges. A direction of its development and prevention from its negative results, depends on possibilities to influence this process by particular countries and grouping, including societies. It is obvious, that the present shape of the globalization bears injustice, increases inequalities and threats, so is must be corrected to a common favour.(original abstract)
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