I will start by giving a brief overview of globalization which has been discussed vividly over the past decades and which is influencing an increasing number of areas of our economic and every day live. The increased international coherence has changed some of the characteristics of the global economy on the very big scale.
I will address some points regarding these macro trends in a moment. Following this I will focus on the impact of globalization on the economy of the industrialized countries and especially Denmark so far, the challenges ahead and the answers which have been proposed to these challenges. 1.