A brief perspective on globalization

Abstract

The purpose of this paper is to examine globalization from a variety of perspectives relevant to the present day and time. We first examine what is globalization in present day context, then we examine the importance of financial flows from globalization. We further examine into how digitization is taking place across the globe and the consequences that it brings. We also look at the consequences of globalization on the environment and finally we come to the discussion of the importance of globalization in present day times and especially in regards to the Covid-19 pandemic. Is prudence in terms of globalization a better path rather than irrational exuberance.? Is stability better than volatility?

Keywords. Globalization; Finance; Digitization; Environment; Sustainability; Covid-19; Public Health.

JEL. C52; L25; M14.