Acta Universitatis Danubius. Relationes Internationales, Vol 2, No 1 (2009)

Stages and Effects of Globalization

Danuț Boiciuc Modest


The globalization process started in the late twentieth century, of international trade development fund, has experienced major pulses over the last century, but non the size of the third wave of globalization triggered by the world’s transition to democracy and market economy. The transition speed of the global economy at the turn of two millennia was unimaginable a half century ago. The political, economical, technological, psychological, cultural mega-trends managed to
radically change the world in recent decades. Globalization has become the burning issue of our time, being not only a process but a real phenomenon of continuous transition to a new development model.
Many fear that the new economic conditions induced by globalization will lead to increased poverty, job losses; others fear the spread of epidemics or incurable diseases. There are many people who fear that human activity will irreparably damage the environment on which depends our own existence. The future threats have one thing in common: they do not respect national borders. Even the biggest countries in the world cannot protect its citizens against these threats. More than ever in human
history, we must share the common destiny of globalization.


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