GLOBALIZATION AND ITS IMPACT ON INTERNATIONAL BUSINESS AND MANAGEMENT

Abstract

If we were to choose one term that symbolizes the spirit of today, it would be the term globalization. A word that only a few decades earlier had almost no place in academic ranks or meii, has become unavoidable. „Globalization“, „Mondalization“, „Globalization“, „Globalization“ - a word that came from almost nowhere, is circulating everywhere today, marking the most powerful force that shapes the life of the modern world. Even yesterday, the global order seemed so far away and alien as if it were happening in another world, as if it were happening to some other people. Already today it is becoming a new destiny, a force that moves the invisible threads of our everyday life.

Today, international economics is incomparably more integrated than before. Global economic integration is greater and more complex than ever before in world history. The phenomenon of globalization has been manifested in transport and communications for centuries. It is in this paper that we will talk about certain segments of globalization with an emphasis on economic.