4. Discuss the positive and negative aspects of globalization in third world countries. Globalization is a process of creating a more open world, in many areas, some of which cover politics, economics, law and the media. According to Mojmir Mrak (2000), globalization is the process of continuous integration of the countries of the world; it is strongly underway in all regions of the globe. Third world countries include all of Africa, Asia (except the Soviet Union, China, Japan, Latin America and the oceanic islands), Australia and New Zealand are made up of third world countries. Globalization is the tendency of investment funds and companies to move away from domestic and national markets to other markets around the world, thereby strengthening different mutual markets. Globalization has had a significant impact not only on the increase in international trade, but also on cultural exchanges. The negative impact of globalization in a third world country affects the economy. Globalization, from an economic perspective, involves the integration of world trade and financial markets, but since developing countries are not really catching up with advanced economies, the impact of globalization on third party countries world leaves a lot to be desired. In the field of global trade, the share of commodities in global exports of products such as food and raw materials has relatively declined recently. In the area of ​​capital movements, we see that net official flows of "aid" or development assistance from advanced economies to Third World countries have declined significantly since the early 1980s. Concerning the movement of people from the poorest areas to the richest areas, there is an increase in...... middle of paper ......(2012). The impact of globalization on third world countries. Available: http://ydesh.com/world/the-impact-of-globalization-on-third-world-countries/. Last accessed June 2, 2014.2. Mojmir Mrak. (2000). Globalization: trends, challenges and opportunities for countries in transition. GLOBALIZATION AND INTEGRATION OF INDUSTRY IN THE REGION. 1 (1), p3-8.3. Manjousha Nair. (2014). Essential conditions for globalization. Available: http://www.scribd.com/doc/50029603/Essential-conditions-for-globalization. Last accessed June 9, 2014.4. Justice and government. (2011). Positive effects of globalization. Available: http://www.justice4darfur.org/positive-effects-of-globalization.html. Last accessed June 9, 2014.5. Investopedia US, a division of IAC. . (2014). Definition of “globalization”. Available: http://www.investopedia.com/terms/g/globalization.asp. Last consulted June 9 2014.