Abstract

With the beginning of the new millennium there was a rise on the arguments on Globalization ,and how the world entered a new phase were there would be no more boundaries and no more barriers ,a world with on more nationalities , and the power would be transferred from the nation state to the trans national companies and open market . All the indicators were pointing that globalization was on the right road, but it faced problems and handicaps escalated in intensity to the point that some started to speculate its success and emphasizing its decline and sometimes its end .This is what the research is trying to deal with on the assumption that we can talk about globalization through its indicators and these are also the proof of its decline. Key words: globalization, decline of globalization, new globalization ,waves of globalization

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