Globalization Case

Globalization has become almost a common place in the justification of any action or interpretation of the change that occurs both in the public and private sector. Its spread appears to derive from one's ability to explain the task force to countless transformations that occur and impact on daily life with singular harshness. Globalization appears to be the most important issue of the social sciences since the late 90s.

As a market phenomenon, globalization has its basic thrust on technical progress and, particularly, in the latter's capacity to reduce the cost of moving goods, services, money, people and information.

This reduction of "economic distance" has allowed exploitation of arbitrage opportunities in the markets for goods, services and factors diminishing the importance of the role of geography and the effectiveness of policy barriers.

The instability of the economic conditions of marginalization and limiting oprtunidades are among the most outstanding. Indeed, like all great events of history, globalization is carrying opportunities and risks.

The process of globalization presents an opportunity of improving the conditions of access to markets that were previously fragmented. Flows of information, technology and capital have been those that have increased their mobility and are therefore more markets where conditions have improved access to economies with lower relative internal generation capacity. It also creates new opportunities as competition increases, the basis for the establishment of new business alliances and societal and contributes to the breakdown of established oligopolies. Globalization is both an opportunity and a threat. The integration with the global economy opens the way for low-income small countries become industrialized in a way that was not possible when they were fashionable industrialization policies non-debt in the 1960s and 1970s. At the same time, when considering the expansion of exports, foreign investment flows and economic and industrial growth is clear that countries that have failed to integrate, such as sub-Saharan Africa, are lagging behind.