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ADVANTAGES AND DISADVANTAGES OF THE GLOBALIZATION

Oana Calitoiu
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Oana Calitoiu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 1, issue 39, 174-179

Abstract: Globalization is a new term that has found a significant place in people’s lifes. By globalization, we mean shedding down the walls of distrust and the barriers of suspicion between countries, to make a bridge where ideas and beliefs can cross the borders. While globalization is seen as a sign of a hopeful future by some, there are others who believe that it can cause tremendous disaster for the world economy. However, the disadvantages of globalization could be reduced if the responsible authorities provide best solution to curb this problems.

Keywords: globalization; benefits of globalization; disadvantages of globalization; economic trends; economic globalization (search for similar items in EconPapers)
JEL-codes: F15 F43 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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