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People around the world have established close contacts during past century. However in recent years the closeness grew even bigger. There are many critical challenges facing our society in the 21st century, and one of the most complex and ramified is globalization. The debate around globalization is growing rapidly due to the dramatic changes in the global economic and societal structures. Since opposing views on globalization exist, this essay takes a look at the benefits the globalization brings to society as well as the detriments associated with it. Furthermore, this paper will examine the effects of the main driving force behind the globalization – information technology- and its impact on different sectors of society. At the end, the essay will highlight the main factors that influence the development of financial globalization and will conclude with an overall look at globalization and its success.

People around the world have established close contacts throughout......

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Approximate Word Count: 3391
Approximate Pages: 14 (250 words per double-spaced page)

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