Globalization
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1. Introduction: What is Globalization?
Though economic integration among nations is not a new phenomenon, the degree of globalization in the world economy in the last two decades has shown an historically unprecedented level. Theoretically, society as a whole benefits from economic globalization through an increasing interdependence by having access to more capital flows, technology, imports that drive the markets to more competition which in turn reduce general costs, and enlargement of market opportunities by exports, but certain apprehensions exist in a broadly held societal preference for public policies that minimize risks. Some view globalization as beneficial and a key to further world economic development while others regard it with hostility, believing that it increases volatility and inequality within and between nations.
However, I do not support the view that the conflict, or more like the frictions, negates the possibility of deeper global economic integration. In my opinion, geconomic globalizationh should be comprehended as a ghistorical processh of proliferation, integration and convergence of the market economy. Globalization is not an objective but a process of gliberalization of the economyh and gdemocratization of human activityh which can be deemed as an extended phenomenon of the process in which national economies have been formed at all levels since village markets were created. Thus, globalization is inevitable and irreversible as long as we support liberalization and democracy. But it should be noted that economic and political conditions and maturity of societies are at various stages of development...