Abstract

In this study we try to explore the concept of globalization in a holistic context. The main focus of the research is on globalization and the study also explores the brief history of globalization. Nevertheless, the research also describes the impact of globalization on Algeria; a country located in West Africa. In addition, the paper explores diverse advantages and disadvantages that may be caused due to the globalization. Finally, the analysis strives to explore the impact of globalization on the economic performance, international trade and foreign direct investment in Algeria.

Table of Contents

Introduction3

History of Globalization4

Positive Aspects of Globalization6

Negative Aspects of Globalization6

Impact of Globalization on Economic Performance of Algeria7

Globalization's Influence on the International Trade Barriers9

The Impact of Globalization on Foreign Direct Investment11

The Impact of Globalization on Foreign Direct Investment11

Conclusion13

Works Cited15

Brief History of Globalization and its Impact on Algeria

Introduction

The purpose of this paper is to enlighten and explore the concept of globalization in a holistic manner. The paper discusses the rise of globalization, and explores its advantages and disadvantages to Algeria; a country located in West Africa. The paper also discusses the rise of international trade due to global evolution; moreover, the study explores several advantages and disadvantages of globalization to the international trade in Algeria. Globalization means increased interconnectedness, the expansion and deepening of various social, economic and political, the growing interdependence of all societies together, promoted by increased financial flows, financial and communications. Globalization has benefited from the explosive development of two sectors, considered the mainstays of modern society: the financial markets and the media.

Globalization has become almost commonplace in the justification of any measure or in the interpretation of changes that occur both in public and in private. Its spread seems to derive from one's own ability to explain the task force for a number of changes that occur and impact on everyday life with extraordinary toughness. Globalization appears to be the most important issue of social sciences since the late 90's. The key phrase is repeated continually refers to "the challenges posed by globalization," and also appears as the main justification for public policies to be adopted by very unpopular or they can be painful. In this phenomenon, the views are very diverse, where there is a position that is absolutely true and they are in the rugged field of opinion, and that is why everyone tries to analyze the main arguments for and against the development of globalization process.

History of Globalization

Globalization is a historical process of transnationalization, denationalization, and deterritorialization that encompasses different arenas, such as the economy, society, politics, culture, academia, with varying intensities and geographical differences. Loosely defined, it involves an increase in the scope, volume, and velocity of transactions across national borders, not all of which occur on a worldwide basis. It is misleading to speak of globalization as a linear development, a fixed situation, or an undifferentiated worldwide phenomenon. Certain processes are, depending on world regions, globalized (such as trade, production, and labor and financial markets in the industrialized world), while others are constrained ...