GLOBALISATION AND ECONOMIC CRISIS IN 2022

Abstract

Globalization in the conditions of the economic crisis has proven to be a very dangerous terrain producing the even bigger gap between developed and undeveloped countries. Information technologies are present in all spheres of human life and work and helps the globalization process to get into the top speed is very difficult to control. In the situation of the pandemic of COVID-19, we already seen drastically different policies which was applied not just in field of medicine, but also in economies around the world. We were a witness of protectionist measures that were applied to protect national economies even in the most developed countries, which is totally contrary to neoliberal economic policy and globalization. The current intervention in Ukraine and the introduction of sanctions against Russia have further particularly harmed the EU economy, leading to an energy crisis. That crisis caused a rise in inflation which as a financial pandemic spread very quickly in Europe, and countries all over the world. Globalism also caused creation of „general and global culture" without traditional values, national and cultural heritage, and helped process of losing cultural, economic, and political sovereignty specially in developing countries.