Globalisation: Its Hopes and Risks

Globalisation intensifies with the development of economics, knowledge and technology and in this sense is an objective historic process. When an economy reaches its limits in local markets it expands in regional, continental and global dimensions. Globalisation developed particularly fast in the second half of the twentieth century and continues to do so in today's world of multiple scientific discoveries and technological inventions. In theory, globalisation increases the production of commodities and ensures a greater number of jobs, thereby improving people's lives in both developed and developing countries. It however, contains both known and unknown risks and dangers. It is therefore difficult to find a balance between the advantages and disadvantages of globalisation.