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Seminar paper from the year 2002 in the subject Business economics - Economic Policy, grade: A, Architectural Association School of Architecture, language: English, abstract: What does globalization mean? Is it really a global phenomenon? What are the consequences of it in the developed and developing countries? By studying the book of Saskia Sassen “Cities in a World Economy” and the book of Manuel Castells “The Rise of the Network Society” I try to find answers to my questions.