ECONOMIC AND SOCIAL IMPLICATIONS OF GLOBALIZATION

Oana Chindris-Vasioiu

The USV Annals of Economics and Public Administration, 2013, vol. 13, issue 2(18), 17-23

Abstract: The confrontation between third millennium will not be between civilizations but between forces of globalization and global agents. Already live in a global economy, context in which it is necessary to understand by globalization the modernization process of life world by spreading economic means of production and communication at world level. Globalization produces a capitalism healthy whereas stimulates competition beneficial between an ever-increasing number of companies. Economic and political unification under the global financial corporate banner is accompanied by mixing spiritual values and return unique realm. After internationalism political correctness (multiculturalism, feminism, ecological radically) administered Western individualism typical bruising, it seems that the ground is ready for the big toe-in. Globalization can be seen as a crucial stage of expansion and economic interdependence. This stage is completing a process of aggregation of relatively autonomous local economies whose element mainly in the past has been constant widening of the space for the exchange of each economic savings. Economic renewal based on knowledge of known but a contrary geospatial evolution. Advances in knowledge are favored and intimately linked to the possibility of communication. So, they are favored by communication infrastructure and communication technologies.

Date: 2013
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