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This paper asserts that globalization has a positive side as well.
The research carried out has revealed that the power and scope of globalization impacts in Baltic countries business environments (with the few exceptions) is gradually diminishing.
Armenia is found to provide a striking example of conditions and trends in the CIS countries.
The article argues that twenty-first century globalization is markedly different from twentieth century globalization and reviews the major changes.

Related Questions

What areas does the globalization affect?5 answersGlobalization affects various areas including culture, regional cultural integration through a common language, increased cultural diversity, cultural hybridization, Westernization, and changes in family composition and structure. It has also impacted agriculture and food systems, leading to the emergence of global supply chains and private regulatory arrangements. Furthermore, globalization has influenced socio-economic aspects such as employment, social rights, and economic systems, particularly capitalism. The effects of globalization are multidimensional and complex, encompassing economic, social, political, and ecological dimensions. However, the impact of globalization is not uniform and can vary across different regions and communities. It is important to recognize both the advantages and disadvantages of globalization and take measures to promote diversity, equity, and communication while preserving traditional cultural values and knowledge.
What are the main factors that have influenced Armenia's foreign policy since 2021?4 answersArmenia's foreign policy since 2021 has been influenced by several factors. One of the main factors is its membership in the Eurasian Economic Union (EEU) since January 1, 2015, which has led to a significant increase in the volume of foreign trade flows, particularly with Russia, China, Switzerland, Bulgaria, the Netherlands, and Iraq. Another factor is Armenia's close trade relations with Russia and Ukraine, with Russia being a major supplier of various goods, including food products, and Ukraine being a significant source of poultry meat, dry milk, butter, soybean, and confectionery. Additionally, Armenia's geopolitical challenges as a landlocked country and its historical, political, and geostrategic ties with Russia have shaped its foreign and security policy, leading to cooperation with both Russia and the European Union (EU). Furthermore, the aftermath of the 2020 Nagorno-Karabakh war and the country's ability to create growth opportunities under geopolitical uncertainty have also influenced Armenia's foreign policy and economy.
How has the Armenian language changed over time?5 answersThe Armenian language has undergone changes over time. Middle Armenian, which existed from the 12th to the 16th century, adopted numerous lexical borrowings from different languages, enriching its vocabulary. The influence of Arabic, Iranian, and Turkish languages on Middle Armenian is evident. Additionally, Middle Armenian served as a linguistic crossroads between the Eastern and Western worlds, resulting in the adoption of new concepts and ideologies. The development of Contemporary Armenian was influenced by Grabar, an older form of Armenian, which contributed to the formation of professional terms in various fields. The pronunciation of the Armenian language has also changed, with differences observed between Eastern and Western Armenian, particularly in the pronunciation of consonants. The devoicing of explosive consonants in Western Armenian can be traced back to the preliterate period. These changes in the Armenian language reflect its historical development and interactions with other languages.
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