Globalization at the dawn of the twenty‐first

Findlay’s and O’Rourke’s text about the „Globalization at the Dawn of the twenty‐First
Century” deals upon the future of globalization by providing an overview of the challenges the whole world is going to face in the upcoming decades. By referring to what the history of the last 1000 years apparently told us “extrapolating the immediate task into the indefinite future and calling the result a prediction is a hopeless endeavor" (Findlay et al., 2007) the authors believe that the future of globalization is inconsistent with its current development, implying that the future of globalization is facing economic challenges which will slow down the growth of the world market.

Globalization is a recent case, which gained prominence in the twentieth century, about which much controversy has been launched; however there is a concept that can properly define the phenomenon. The term globalization appears in the second half of the nineteenth century in order to increase economic relations between countries (generalization). However, we can say that it is a process of deepening integration and economic, social, cultural, political, provided by the ease of transportation and communication between countries around the world. This phenomenon is mainly economic, the world becomes a free market in which goods, services and factors of production can move without barriers, states reduce their protectionist measures and integrate them into common markets. However, there are many discussions that have arisen as a result of globalization, many criticize this phenomenon to be a factor causing poverty and inequality, and others from various cultures are being decimated by the process.
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It is true that globalization leads to a more homogeneous, especially the cultural level, however, some argue that this equality is the result of a cultural melting pot of cultures while others believe that this homogenization is due to the U.S. cultural domain. Western culture has proven