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Advantages And Disadvantages Of The Globalization


  • Oana Calitoiu

    (University of Craiova Faculty of Economics and Business Administration)


Globalization is a new term that has found a significant place in people’s lifes. By globalization, we mean shedding down the walls of distrust and the barriers of suspicion between countries, to make a bridge where ideas and beliefs can cross the borders. While globalization is seen as a sign of a hopeful future by some, there are others who believe that it can cause tremendous disaster for the world economy. However, the disadvantages of globalization could be reduced if the responsible authorities provide best solution to curb this problems.

Suggested Citation

  • Oana Calitoiu, 2011. "Advantages And Disadvantages Of The Globalization," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(39), pages 174-179.
  • Handle: RePEc:aio:aucsse:v:1:y:2011:i:39:p:174-179

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    References listed on IDEAS

    1. Morosini, Piero, 2004. "Industrial Clusters, Knowledge Integration and Performance," World Development, Elsevier, vol. 32(2), pages 305-326, February.
    2. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
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    More about this item


    globalization; benefits of globalization; disadvantages of globalization; economic trends; economic globalization;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies


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