In our age of great human progress the role of globalization is increasing.
That is why we need to know everything about this process: its advantages and disadvantages.
On the one hand globalization is good because of governments’ cooperation in solving such problems, which couldn’t be solved by only one country.
Also increases the knowledge exchange, the experience exchange, free labor and capital motion.
As a result competition between the companies increases in the global market.
So the goods are not overpriced, that is why every customer can buy more and satisfy his material and cultural needs.
It is very nice, but on the other hand we have serious disadvantages.
Economics of countries become interdependent and problems in on country provoke problems in the other countries.
And it is more difficult to overcome global crisis than to manage it in one country.
Also globalization with its free flows of labor and capital can aggravate the internal problems such as unemployment.
The second point is that it is harder to manage the country and its economy because there are more influencing factors then earlier.
The third point that transnational corporation activity increases and sometimes corporations can dictate governments.
And it is difficult to make corporations to be honest and not to breach the rules.
In conclusion I’d like to add that globalization process is unavoidable and that globalization effects are different for countries of different development.
January 2013
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