Economic Globalization and its Implications for International Diplomacy
DOI:
https://doi.org/10.31861/mhpi2018.37-38.242-248Abstract
The economic realities of recent years convincingly reveal the increased role of international integration and cooperation in the global development of the global community, the strengthening of the global trend in the formation of a single world economy.
An important feature of the development of the modern world is a strong link between the structure and the process of transforming the world economy. The boundaries between "national" and "international" in the world political system are blurred. Transnational flows of goods, services, labor, tourists, information, ideas and values become stronger.
Globalization is a process that changes not only the external context in which the state operates, but also the very nature of the state and of the political communities in general. The interdependence of the modern world is manifested on the one hand in the emergence of global threats and, on the other, in increasing the social and economic benefits generated by countries' participation in globalization.
Keywords: globalization, glocalization, regionalization
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