The development of Globalization

1. Executive summary
Globalization is a phenomenon that has become one of the key management issues of the beginning of the 21st century. Globalization presents both opportunities and threats: opportunities in the sense of economic abundance, freedom of political expression and cultural diversity; threats in the form of economic insecurity, political instability and cultural decay. The development of globalization is not an isolated historical event, but also is the latest phase in the evolution of international business and the integration of the world economy. One global trading influences all the organization of different sizes, from micro-firms to multi-national corporations, accompanying both good and bad results.

2. Terms of reference and procedure
Globalization is treated as a process that is beneficial- a key to future world economic development. It is inevitable and irreversible. As it has become key issues of management, finding out more about globalization is on...