Globalization: Essence and Dynamics

Abstract

First of all the globalization is a social, economic and political phenomenon. It is a planetary (global) oriented universal expansion of individuals, collectives, states, international bodies etc. within the spheres of trade, financial flows, enterprises, communications, informatics, science, technology, culture, religion, criminality etc. It is legally and internationally regulated mostly only within the sphere of trade – WTO. One of the main characteristics of globalization is its obvious inconstancy. The peak of a mordent phase of globalization was the end of 20th century. Now it is estimated to be on decline.

Keywords

• globalization
• pax americana
• world economy
• antiglobalism
• international law regulation of trade globalization