GLOBALIZACIJA I NOVI SVJETSKI POREDAK/GLOBALIZATION AND THE NEW WORLD ORDER

Abstract

International economic integration is entering the world, that is closely related to technological advances that came to the expression at the end of XX and beginning of XXI century. The world process of globalization creates a new global economic order that brings all countries of the world into a kind of transition and inevitable adaptation to the global criteria of economy valuation and behavior. Globalization has stimulated and accelerated the process of regional economic integrations. It has a significant impact on the position of countries in the international division of labor and in international economic and political relations in general. Globalists claim that the world globalization process enables greater freedom and well-being for all citizens. The gap between rich and poor is very large, so as globalization strengthens, rises inequality in the world. America is the initiator and synonym of the World process of globalization, and the European Union is a model of regional economic integration. In the early years of the 21st century, rapid changes occurred globally. China and India are increasingly influencing globally. Russia has always been a world power. The European Union has faced conflicts over its expansion towards the Western Balkan countries, followed by a large influx of immigrants from poor Arab countries. The role of the state in modern globalization processes is changing as its sovereignty is called into question.