It is now difficult to read a newspaper or a book, watch the television, surf the Internet, or participate in a demonstproportionn without coming across references to how ?globalization? is affect our lives. One of the crucial challenges facing many developing and transitional economies is balancing the benefits of globalisation with the risks and costs. consort to Sheila L (2004) : ?Globalization stern be described as a process by which the people of the world are unified into a one society. This process is a combination of scotch, technological, sociocultural and political forces?globalization is a complex phenomenon, with economic, political and cultural dimensions. At the bosom are economic pressures stemming from trade liberalization and increased planetary competition driven by technological change and harvest-home of the knowledge economy. But political globalisation as reflected in regional groupings, American power, and the influence of global institutions such as the OECD and the IMF may also compromise the self-determination of individual countries. According to Giddens (2001) there are also powerful influences that stem from a cultural globalisation of ideas and values. Thus the process of globalization results in the dissemination and transfusion of ideas that attain significant global loving policy currency. Individual countries can both contribute to and be influenced by this process .
Effect of globalization:Globalization has compartmentalization of effects, that are influencing almost every aspect of life, existence, as well up as economic, industrial, financial, social area. Increase of globalization can be seen on Table1. In most of the countries given in example, that esteem doubled or, as in case of Czech Republic, til now tripled.
Table1: Macro trade indicators- showing globalization.
Trade to GDP ratio (total trade)Time19851990199520002001200220032006CountryAustralia26,5431,5839,0945,0543,5244,8746,5651,71Canada48,6354,7670,2485,480,5779,3778,5682,44Czech Republic..58,3389,1129,77141,86144,25149,83186,81Finland43,1545,4259,0876,8976,0676,8275,887,58France32,1536,643,0656,2356,556,8156,1861,54Germany38,6144,3348,8466,468,1169,1471,9489,3Iceland67,4762,4462,7274,6170,6371,173,4484,45Japan14,5815,6817,1120,5219,7820,5821,6625,75Poland..25,5140,760,6759,0260,3164,8278,47United Kingdom36,6840,9146,6657,8358,6859,2458,7168,01United States13,2816,4420,4126,3425,1324,9825,0828,7Source : http://stats.oecd.org/wbos/default.aspx?DatasetCode=SNA_TABLE11Basing on Wikipedia division, I would like to highlight economic effect of globalization, that seen in sociological context, increased economic discrimination throughout...
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