ECONOMIC GLOBALIZATION: the historical experience, modernity and prospects

People around the world are more connected to each other than ever before. Information and money flow quicker than ever. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.

Introduction 3
The essence of globalization 5
1.1. The notion of globalization 5
1.2. Basis of economic globalization 8
2. Main problems of globalization 10
2.1. The background to principal problems 10
2.2. Differences between development levels
of developed and developing countries 11
2.3. Problems of achieving equal
competitive conditions 13

3. Estimation of globalization 16
3.1. Positive estimations of conditions and
perspectives of globalization 16
3.2. Negative estimations of conditions and
perspectives of globalization 17
Conclusion 18
Bibliography 20