The globalization process is an undeniable reality of nowadays, and the
economic dimension represents, without any doubt, the angular stone of this process;
nevertheless, globalization reaches today (more or less, positively or negatively) all the
aspects and domains of the human kind and life. Attempting to capture all the
dimensions of globalization, the IMF defines it as “a historical process, the result of
human innovation and technological progress. It refers to the increasing integration of
economies around the world, particularly through trade and financial flows. The term
sometimes also refers to the movement of people (labor) and knowledge (technology)
across international borders. There are also broader cultural, political and
environmental dimensions of globalization” (Globalization: Threat or Opportunity?, IMF
Staff, 2000).