Globalization processes in the contemporary world economy Cover Image

Procesy globalizacji we współczesnej gospodarce światowej
Globalization processes in the contemporary world economy

Author(s): Tadeusz Sporek
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: globalization; regional integration; World Trade Organization (WTO); United Nations Conference on Trade and Development (UNCTAD); International Monetary Fund (IMF)

Summary/Abstract: The globalization can mean both potential profits and new chances, but on the other hand, it can cause serious threats and huge challenges. A direction of its developments and prevention from its negative results depend on possibilities to influence this process by particular countries and groupings, including societies. It is obvious that the present shape of the globalization bears injustice, increases inequalities and threats, so it must be corrected to common favour. A question rises if facing the decrease of national countries influence on the global market mechanism and lack of other power controlling the global market (what some recognize the real threat to democracy), steering the globalization is possible. An answer seems to be positive, however, strengthening of multilateral cooperation between countries and their common efforts to influence factors shaping this process is necessary. First of all, a coordination of the global politics is needed, by creation institutions, which would deal with the regulations of particular matters and setting norms, as well as controlling their obedience on the whole world scale, which would lead to the increase of the rules clearance. Additionally the taken standards must come from regulations and international agreements. It is important, first of all, in the financial markets work. For sure, it is not possible to eliminate some negative aspects of globalization, but they can be weakend, thanks to common efforts.

  • Issue Year: 2015
  • Issue No: 05
  • Page Range: 47-67
  • Page Count: 21
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