Beyond The Borders Of Globalization Eu-africa, Economy And Conflict

Abstract

Globalization in the literature can be described as an absence of barriers and bordersof trade. Starting from this definition, and expanding the sides of this theory, we can generalize thatglobalization is an increase of permeability in the traditional economical boundaries includingcultural and physical boundaries such as nation states and national economies, organizations,cultural norms and assumptions. More over, the lack of borders and frontiers creates a greaterswift between the political, economical, technological and cultural spheres, on the internationalscene. In other words, the classic economy has changed into a highly dynamic market, which affectsthe stability of the work environment in different organizations or industries. The negative effects ofglobalization are multiple, and they refer to the effort to stay competitive on the market, and thatincreases the rates of mergers and acquisitions, privatizations, etc.