Essay by visolakhon March 2014

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Globalization - is amplifying integration of economy and societies around the world.

Globalization - this inevitable phenomenon in the history of the mankind, being that the world as a result of an exchange of goods and products, information, knowledge and cultural values becomes more interconnected. However for the last decades rates of this global integration became much higher and impressive thanks to unprecedented achievements in such spheres, as technologies, means of communication, science, transport and the industry.

Though globalization accelerates development of humanity and is its consequence, it represents difficult process to which it is necessary to adapt and which creates serious problems and difficulties. Such fast rates of changes can accept menacing character, and the majority of the countries try to supervise them or to operate them.

Globalization became the reason of the most hot discussions of the last decade.

Criticizing globalization consequences, most often people refer to economic integration.

Economic integration happens when the countries soften such restrictions as tariffs for import, and do the economy open for investments and trade with other world. Critics of globalization note that the inequality in present global system of trade is negatively reflected in developing countries to the detriment of the developed countries.

Supporters of globalization consider that carrying out policy of open economy in such countries as Vietnam, India, China and Uganda, allowed to reduce poverty scales substantially.

In reply to it critics declare that this process led to operation of people in developing countries, serious destabilization and practically didn't bring benefit.

In order that all countries could receive benefit from globalization, the international community should continue work on elimination of disproportions in international trade (reduction of subsidies to farmers and decrease in trade barriers) which are equitable to interests of the developed countries, and creation of more fair system.