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Advantages and Disadvantages of Globalization


  • Podasca Raluca

    () (“Petro&Gas” University, Ploiesti)


Globalization has become one of the most debated issues of our times. Considering that many of the approaches to this phenomenon do not have an answer yet, we are still dealing with multiple interpretations, some even contradictory. The globalization of the world economy entails common standards and values; it can generate both global balance and imbalance having both winners and losers. Failure to adapt to the globalization process brings along a series of disadvantages that lead to poverty and economic crisis. Every country must confront and adapt to this inevitable and irreversible process that is globalization.

Suggested Citation

  • Podasca Raluca, 2010. "Advantages and Disadvantages of Globalization," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 768-771, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:768-771

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    globalization; poverty; economic crisis; competitiveness; labor productivity index of economic globalization.;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics


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