Stages and Effects of Globalization

The globalization process started in the late twentieth century, of international tradedevelopment fund, has experienced major pulses over the last century, but non the size of the thirdwave of globalization triggered by the world’s transition to democracy and market economy. Thetransition speed of the global economy at the turn of two millennia was unimaginable a half centuryago. The political, economical, technological, psychological, cultural mega-trends managed toradically change the world in recent decades. Globalization has become the burning issue of our time,being not only a process but a real phenomenon of continuous transition to a new development model.Many fear that the new economic conditions induced by globalization will lead to increased poverty,job losses; others fear the spread of epidemics or incurable diseases. There are many people who fearthat human activity will irreparably damage the environment on which depends our own existence.The future threats have one thing in common: they do not respect national borders. Even the biggestcountries in the world cannot protect its citizens against these threats. More than ever in humanhistory, we must share the common destiny of globalization.