First, it is necessary to explain that the 21st century has brought exciting prospective and great challenges to the humanity. It is assumed that the US shift in economy, culture and wealth could have been caused by globalization, domestic economy and internal trade, as well as unemployment. It would be appropriate to begin with an explanation of the term globalization, which refers to a process of cooperation and integration between humans, companies and governances or administrations of different countries (Huwart, Verdier 3). The process of globalization has effects on the economic development, culture, environment and human’s well-being, and ...
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