Social aspects of globalization

The phenomenon of globalization, spread to a planetary scale, it has reached all levels of human activity, with the participation of both positive and negative effects. The modern form of globalization emerged at the end of the Cold War, when geopolitical perestroika imposed global interdependence and a rapid pace of social change. The free movement of capital engages all countries in global competition, but at the same time makes them vulnerable to relocation, resulting in job losses.