The impact of globalization on risk and uncertainty in the economy

Abstract

Globalization is the integration between the countries and peoples of the world through which we realize, first, the considerable reduction in costs of transport and communications and, secondly, the artificial barriers that block the flow of goods, services, capital, knowledge, and to a smaller extent, people. Under the conditions of the actual existence of risk and uncertainty, the Fondamenta of decision will assume a deep knowledge and timely two media inside and outside, where economic agents conducted their business and streamline actions and human decisions consisting not only in risk avoidance and removal of uncertainty, but also in controlling risks and their consequences and in reducing the uncertainty and lack of determination to acceptable levels in given situations .Risk, uncertain, decision