Globalization of International Relationships
Globalization means enormous increase in scales of world trade and other processes of international exchange in open, integrated, borderless world economy. Thus, it means not only traditional overseas trade of goods and services, but also currency flows, capital movement, exchange of technology, information and know-how, migration. What consequences will globalization lead to in prospect? What positive consequences (the advantages) of global processes can we single out? And what are the threats of globalization for different cultures, nations and states? This scope of questions is discussed in the article.
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