Titlebook: Globalization: A Threat to International Cooperation and Peace?; M. Panić Book 2011Latest edition Palgrave Macmillan, a division of Macmil

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their understanding of each other’s problems, needs, aspirations and priorities. It is, therefore, in the very nature of the continuous specialization and segmentation of production and distribution processes that they increase the problem of communication and, thus, the risk of failure. The abilit

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tury. It is their actions that have been a major factor in linking national economies, especially those from the highly industrialized countries, to such an extent that the linkages are ‘beginning to give rise to an international production system, organized and managed by transnational corporations

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Industrial Revolution where a number of independent, sovereign states have created a . monetary union with a common currency, central bank, monetary and exchange rate policies without first establishing a . union!

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