SOCIO-ECONOMIC IMPLICATIONS OF GLOBALIZATION - THE BENEFIT OR THE THREAT?

The current trend of globalization opens up to today's man an innumerable job options, travel opportunities, scientific progress, new era modern ways of acquiring the multicultural interpersonal relationships or other self-realization forms that are typical for the current "modern" man. In general, the globalization can be considered as a major asset both to Europe and to the world. Like every process, globalization brings advantages, as well as disadvantages. Assessing its positive or negative impacts is therefore an extremely challenging long-term process of exploring and then linking the scientific, economic, social, cultural, security, or political spheres of individual regions of the world. The aim of this article is to point out the main pillars of today's globalized society, such as the common monetary policy, labor migration, multiculturalism in the private and work sphere, no-borders security policy or public religious expressions, and after careful consideration to determine how much the today's rapidly growing globalization trend for the world continues to be beneficial or vice versa, globalization is becoming a threat to today's man. This assessment is very difficult because there are no criteria to assess the globalization as the whole. It is therefore necessary to see globalization as a complex development trend of the world, which, like many other world phenomena, necessarily brings also negative side effects that a globalized world has already tried to eliminate.