ABSTRACT
The globalization of social life has been accelerating and intensifying, constituting a societal process of primary importance, with large-scale and distant societies connected together in a variety of ways. Main trends in literature include debates about the effects and consequences of globalization. Examples include debates in land use changes, human consumption habits, gendered evolution of employment, learning modalities, and individual loss of the “sense of belonging” for a feeling of more freedom of choice. Economic globalization accelerated in the 1970s when countries increasingly began to exchange goods as well as the emergence of market liberalization and foreign investment by multinational companies. States that continually dominate the global decision-making platforms are able to disproportionately benefit from the positive effects of globalization. The “value of trade” epitomizes linkages between globalization and economics. The increasing level of activities of transnational companies is a great example of trends of economic globalization.
