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Annals of the University “Constantin Brâncuşi”of Tg-Jiu, No. 1/2008, Volume 2,<br />

ISSN: 1842-4856<br />

markets, which represents a challenge for all the economies, regardless of their development rate.<br />

This evolution at a world-level determines changes in the structure of competitively factors of the<br />

firm. All these will impose a new dynamic for the globalization process. In a hierarchy of<br />

importance, the cost factor comes after factors like: quality, utility and convenience, being able to<br />

adapt to the exigency and needs of customers etc.<br />

4. Conclusions<br />

The globalization is a chance, in the extent in which it offers countries and enterprises the possibility<br />

to focus more in those domains of activity they are most strong in. The globalization presents some<br />

risks especially when there are inadequate frame conditions, which are sanctioned faster than ever<br />

before. In this sense, the authorities have an important role in the domain of political economy. They<br />

have to create a frame that will give enterprises the best conditions to develop. Some specialists<br />

from developed capitalist states admit that the globalization took place with contradictory effects in<br />

world economy, a fact that generates tension and crises situations in international economic<br />

relations.<br />

According to the statistics presented by the World Bank, while the income of some countries in<br />

Africa, situated bellow Sahara wave dropped in the last 20 years with approximately 0.7% per year,<br />

the average income for industrialized countries have increased with 25% per year. More and more<br />

families live in fear of hunger and malnutrition because of the lack of a working place or low<br />

salaries, while the fortune of great magnates grows in a geometrical progression. In the year 1960,<br />

the difference in income between 20% of the richest countries and 20% of the poorest countries of<br />

the world was of 30 to 1; in the year 1990 the gap grew to 60 to 1 and at the end of the 20th century<br />

it was of 75 to 1. (10)<br />

The mission of globalization is not to misconstrue the truth, but of finding viable solutions for<br />

creating a modern society in which the fundamental rights are to be respected. Regardless of the way<br />

it is considered, one thing is for sure: the globalization is a process with an objective feature,<br />

imposed by the evolution of techno-science progress, which can be neither contested nor eliminated.<br />

BIBLIOGRAPHY:<br />

1. De Luca, G., Minieri, S., Verrilli, A., - Nuovo dizionario di economia, Napoli, 1998, p. 315.<br />

2. Dobrotă, N. – Dicţionar de economie, Editura Economică, Bucureşti, 1999, p. 228.<br />

3. Dumming, J. – The Advent of Alliance Capitalism, în The New Globalism and Developing<br />

Countries, United Nations University Press, NY, 1997, p. 12.<br />

4. Livesey, Frank – Dictionary of Economics, Pitman Publishing, London, 1993, p. 99.<br />

5. Lubbers, R., Koorevaar, Jolanda – The Dynamic of Globalization, 1998, p. 3.<br />

6. Moldoveanu, M., Munteanu, C. – Noile dimensiuni ale procesului de globalizare şi<br />

integrare regională, în Probleme economice, nr. 135-136/2004, Academia Română,<br />

Institutul Naţional de cerecetări economice, Bucureşti, p. 8.<br />

7. Niculescu, N.G., Adumitrăcesei, I.D. – România pe calea integrării economice europene,<br />

Editura Economică, Bucureşti, 2001.<br />

8. Rugman, A. – The End of Globalization, Random House, London, 2001.<br />

9. Steger, M. B. – Globalism-The New Market Ideology, Bowman&Littlefield Publ.,<br />

Maryland, 2002.<br />

10. World Bank – Globalization, Growth and Poverty, Washington, D.C., 2002.

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