Globalization is the emergence of a global society in which economic, political, environmental, and cultural events are significant for people all over the world. Globalization is the result of advances in communication, transportation, and information technologies. It's not a passing trend. Globalization determines the domestic politics as well as foreign relations of almost every country and has several aspects. One of the major aspects is economic one. Globalization involves the growth of multinational and transnational corporations, capital, flow and quicker development of countries with outward-oriented policies and integrated in the world economy.

In the economic field, the term «globalization» has acquired considerable emotive force. Some view it as a process that is beneficial to world economic development and also inevitable and irreversible. Others regard it with hostility, even fear, believing that it increases inequality within and between nations, threatens employment and living standards and slows down social progress.

Nowadays people are more connected with each other than ever before. Money and information flow more quickly than ever before. Businesses operate as if national borders didn't exist. Goods and services produced in one part of the world are easily available all over the world. International tourism is commonplace. The number of intercultural contacts has increased dramatically.

Globalization can give tremendous opportunities and benefits. Economic development, international tourism, opportunities to study or work abroad can be listed among the benefits. Students can also benefit from the globalization. They can study abroad. This can help get integrated into the host culture, soak up foreign traditions and lifestyles. Moreover, this experience broadens horizons. Though it's a character building challenge, it can help to become a highly skilled professional and thus speed up one's career growth.

Globalization also improves intercultural communication and promotes innovation and technical progress.

In word, globalization gave birth to a new class of people called meritocrats who are top notch professionals and who are also experts in the field of cross-cultural communication, and that's why they can be called citizens of the world.

When we communicate with people from other cultures we become aware of different cultural practices, values, tradition, mode of behavior, views of the world. We realize that what we take for granted in our culture is not taken for granted in other cultures, people from different cultures can interpret the same phenomenon in different ways. Different cultures have different mental frameworks. We can make use of cultural diversity to come up with innovative ways of solving problems. It can help us to respond in new ways to the world problems. Cross-cultural interaction enhances the effectiveness of international business, of the activity of

international organizations. It has a profound effect on the development of international tourism, education

programs, all kind of humanitarian programs. On the other hand it has an ugly dark side. For example, Americanization all over the world. In the first

quarter of the 20 century the term «Americanization» meant taking new immigrants and turning them into

Americans. Immigrants were forced to assimilate American values, traditions and ways of life whether they

wanted to give up their own traditions or not. In today's world the term has a different meaning. It refers to

the imposition of American culture and lifestyle upon the entire world. Americans are forcing homogenization

and consumerism which threatens traditional cultures and can destroy them.

This phenomenon is regarded as an integral part of the process of globalization. The biggest advanced country in the western world, USA, is imposing American way of life that has a destructive effect all over the world wherever it appears. Anyway many people are blind to the destruction it can cause. Ameri- can culture

undermines traditional values and encourages wickedness. US movies and television promote mindless

consumerism. Recent Hollywood creations or pop stars are all alike, like clones. Mass-culture destroys

traditional cultures and threatens cultural identity of other nations.

Modern business philosophy cherishes «American dream», worships golden calf and makes people

acquire material possessions and never be satisfied with what they have. They lose their health to make money

and then lose their money to restore the health. By thinking anxiously about the future, they forget the present,

such that they live in neither the present, nor the future. They forget that the richest person is not one who has

most but is one who needs the least. They live as if they will never die and die as though they had never lived.

It is believed that the most negative aspect of globalization is that the younger generation soaks up

American values, assimilates American way of life, which shapes their view of the world. And this very

generation will deter- mine the characteristic features of the world politics in future.

(Алимов, В. В. Общественно-политическии (общии) перевод: практ. курс пер. / В. В. Алимов, Ю.