1. Some special features of globalization in present daysGrowing interdependence of all processes Establishing of a global financial-economic area Information technologies - WWW Change in the states functions vanishing of the national boarders Universality of the world dissemination of the democratic system and socio cultural values

2. FLOWS OF GLOBALIZATION SUB.TradeMigrationTelecommunicationsNatureFlows of physical goodsFlows of peopleTypesRaw materials, energy, food, parts and consumption goodsPermanent, temporary (migrant Communication, power workers), tourism, exchanges, symbolic business exchanges transactionsMediumTransport modes and terminals (freight)Transport modes and terminals (passengers)Transport modes and terminals (postal), telecommunication systemsNetworkHub and spoke with interconnectionsHub and spokeRedundant and diffuse (point to point)Main GatewaysPortsAirportsGlobal citiesSpeedLow to averageSlow to fastInstantaneousCapacityVery largeLargeAlmost unlimitedFlows of information 3. Impact on Social Positive effects Increased cultural exposure and understanding Closer cross-border tiesNegative effects More mobility disrupts social life, particularly in remote or rural communities Disintegration of local communities Cultural homogenization and monoculture / reduced cultural diversity 4. Impact on the Economy Positive effects More efficient use of resources Increased demand for and transfer of more efficient technologies Increased incomes lead to greater concern for environmental protection Increased consumption Advertising creates artificial needs Greater use of fossil fuels (increased travel) Increased surplus and scarcity Increased degradation from unregulated businesses More factories require more infrastructure 5. Impact on the Politics Positive effects Increasedeconomic development Expanded infrastructure Transfer of modern management techniques Greater interdependence among business partnerso Negativeeffects MNC power increased MNCs externalize cost to countries Competition results in too many concessions MNCs influence local policies Companies incorporate in low tax countries Pressure to reduce social benefits 6. .