Can you correct quickly? As a result of technological advances in the past few decades interaction and integration of world nations are rapidly increasing. Due to interaction and integration a new term is emerging, globalization. Globalization can be helpfull to reach opportunies all over the world but its drawbacks can not be ignored. Firstly customers are able to buy products which produced in distant countries, at a reasonable price beacuse of great increases in cross-border trade. For example we can see exotic fruits in Nordic markets. However increased cross-border trade makes economy more fluctuating since money transfers can be done in seconds. Beacuse of fluctuated economy companies discharging people more than ever. Secondly high unemployment rate makes employees more liable to low wages. Low-cost labour and duclicate production helps international companies by increasing their profit. While international companies growing regional ones going bankrupt. The fact that bankruption of regional componies has bad effects on national economy. Globalization has considerable effects on not only economic policies of goverment but also the cycle of natural resources. Dublicate production and excessive use of energy sources are breaking the well balanced cycles such as water, carbon or nitrogencycles. If the cycles of nature starts collapsing humankind will vanish from earth. With the great technology globalization is becoming part of our lives. No one can escape from its realty and humankind need to internalise its facts and take care about its drawbacks