Globalization, as the history of this phenomenon shows, is a notion that economists, political
scientists and sociologists often exploit. The notion has lost its expressiveness because people
use it to describe phenomena that escape from precise or unambiguous definition. As the 2008-
09 world financial crisis shows, the globalization process requires detailed, in-depth analyses
because in its economic dimensions globalization is not the distant virtual world of figures and
financial transactions, but a phenomenon that directly influences peoples’ daily life.