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economies throughout the world, by means of intensified cross-
border mobility of goods, services, technologies and capital.

Globalization is a set of processes that refer to economic,

political and cultural exchange. Modern economic globalization
moves fast, following the increased importance of information for

all sorts of useful activities in the areas of science and
technology. It affected globalization of production, finances,

markets, technology, organizational modes and institutions,
corporations and labor.

Economic globalization has increased in the last thirty years. A

framework of the General Agreement on Tariffs and Trade was
created. The World Trade Organization has influenced countries

to gradually reduce trade barriers. This recent boom was largely
supported by the developed economies, integration with the

majority, the world through foreign direct investment, and

reducing the costs of doing business, reducing trade barriers and
in many cases cross-border migration.

The analysis of globalization as a world process leads us to the
conclusion that globalization, as an inevitable part of the

development of social relations, has created positive and

negative conditions.

Advantages of globalization:

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