CHAPTER TEN

GLOBALIZATION OF CRISES

AND/OR THE CRISIS OF GLOBALIZATION

FROM THE PERSPECTIVE OF SERBIA

DEJAN S. MILETIû,^1 NEVENA KRASULJA^2

AND EMINA JEREMIû MARKOVIû

3

Introduction - term definitions

The modern world is functioning as a kind of high-risk society with
constant dynamic changes that will inevitably lead to crises which will be
overcome, faster or slower, depending on how quickly we are ready to
adapt to both ourselves and the institutions within which we act.
The fact is that we live in a time of crises which build upon each other:
the terrorist attacks around the world; tsunamis, earthquakes, and
hurricanes with horrific casualties and great material damage; explicit
inequality, poverty and famine in some parts of the world; war inside Syria
and Afghanistan, and the immense number of victims in Iraq, Egypt and
Libya; the collapse of some foundations of world finance; the emergence
of global epidemics; etc. Immediately after one “breaking-news” crisis
disappears from the media, a new one shows up from another part of the
world. The information and telecommunications technology boom has
enabled us to relive these crises as they occur in our immediate
environment, and in a way that lets us almost immediately receive images
and hear reports directly when critical events happen. We get information

(^1) Prof. Dejan S. Miletiü, PhD, Lincoln University - Belgrade Department, President
of the Center for Globalization Studies (CGS).
(^2) Prof. Nevena Krasulja, PhD, Faculty for Business Studies and Law at the
Union University – Nikola Tesla, Belgrade.
(^3) Prof. Emina Jeremiü Markoviü, MA, Center for Globalization Studies (CGS).