: Globalization (Its Content, Effects and Mechanisms for Avoiding it)

Abstract

The research aimed to address the phenomenon of globalization in terms of its nature, components, its most important economic and social effects on developing countries, and mechanisms for avoiding its negative effects. The descriptive approach was adopted. The theoretical and methodological introduction was followed by three sections; The first: What is globalization and its most important components. Second: The economic effects of globalization and its social repercussions. Third: Mechanisms to avoid the negative effects of globalization. It ended with a conclusion. The most important results are: Globalization is an economic concept that expresses the extent of capitalism’s control over the world. The most important components of globalization are: the General Agreement on Trade Tariffs (GATT), monetary transfers represented by the launch of the Euro, and technological development in means of communications. Globalization has negative effects on the economy of developing countries and has negative repercussions. Overcoming them requires developing national sense and encouraging economic blocs, such as activating the Arab Common Market.