Abstract:

Globalization has begun to take shape once the history of mankind, namely since the population migration to a better life. This is a result of the development of technologies, services and trade, the population wanting to discover more and more places. History globalization intensifies along with the industrialization process, outlining the emergence of large migration flows, new continents, territories and empires. In terms of economic and financial globalization is defined as strengthening and broadening relationship between national economies in the global market of goods, services and capital. In other words, the phenomenon represents the international integration of both the goods, services and capital markets. This article presents the results of research documentation on globalization trends with a focus on the causes, risks and effects of economic globalization.