THE GLOBALIZATION OF THE ECONOMY: DRIVING FORCES, PRINCIPLES, AND NATION-STATE REACTIONS

Globalization is deploying currently in a variety of forms and manifestations many of them unknown and beyond analysis. The paper attempts to build a comprehensive picture of this dimension explaining the linkages between a number of factors and how these linkages determine the nature of the effects for a nation-state. Globalization’s magnitude is the one of a phenomenon, and many nation-states are unable to influence the process itself. Nevertheless, the analysis revealed that there are a number of factors that could influence the effects of economic globalization for a nation-state.