Abstract:
Globalization is an inevitable phenomenon in human history, in which the world
becomes more interconnected as a result of exchange of goods and products, information,
knowledge and cultural values. However, in recent decades, the pace of this global integration has
become much faster and more impressive due to unprecedented advances in areas such as
technology, communications, science, transport and industry. Although globalization accelerates
human development and is a consequence of it, it is not a process that is easy to adapt and that
creates serious problems and difficulties. Such a rapid pace of the change can become threatening,
and most countries try to control or manage it. The latest wave of globalization, which took place in
1980, resulted from a combination of advances in transport and communications technologies, along
with the actions of large developing countries that sought to attract foreign investment by opening
their economies to an international trade.