Abstract
What is globalization? It is difficult to define globalization with a single definition although it is a buzz word of this century; this term has mesmerized and fascinated the world significantly. It is considered as the large scale convergence process, it is a multidimensional phenomenon the main agent to activate the merger of economy and culture of the local and distant as a result growing interdependence in all walk of life is eradicating the cultural, social, territorial and religious barriers. The advocates of globalization predict that that through this process poor or developing countries can improve their economies and can raise the standard of living of their common people while the opponents of globalization claim that uncontrolled or free international market economy is benefitting the multinational corporations mostly operated by the entrepreneurs of the western world at the expense of local businesses, local cultures and common people. The advancement of technology and free market economy are working together to create a new globalized and interconnected world. The dynamic and ever-changing technological revolution involving the creation of a computerized network of communication, transportations, and exchange the acceptance of a globalized economy, the enlargement of world capitalist market system is absorbing ever more areas of the world and orbit of production, exchange, and consumption. As the world is experiencing and exploring the massive waves of ideas, norms, values, beliefs and hard products through direct as well as indirect channels not only media but tourists, businessmen, NGO’s, migrants are transferring their ideas, beliefs, and ideas from one part of the world to another.
Highlights
What is globalization? It is tough to explain the term globalization in a single definition though it is a buzz word of this period; this term has fascinated and captivated the world significantly
It is deliberated as the large scale merging process, it is a multidimensional phenomenon the key cause to galvanize the merger of economy and culture of the local and distant as an outcome growing interdependence in all walk of life is eliminating the cultural, social, territorial and religious barriers
While the opponents of globalization assert that free international market economy is benefitting the multinational corporations commonly operated by the entrepreneurs of the western world at the expense of local businesses, local cultures and common people
Summary
What is globalization? It is tough to explain the term globalization in a single definition though it is a buzz word of this period; this term has fascinated and captivated the world significantly. His blunt stances were alternatives that can be resulted in a sovereign state as he discovered that society or nation should give their submission to an unaccountable sovereign (a person or group authorized to resolve every single social and political dispute) As he (Hobbes) firmly believed that in the absence of sovereign power which jells them to peace men’s normal condition is a condition of conflict or war: (Malcolm, 2002) ‘Whatsoever is consequent to a time of warre, where every man is enemy to every man; same is consequent to the time wherein men live without other security, what their own strength and their own invention shall furnish them with all. Citizen hold nationality of a state and it is a political and legal concept whereas nationalism and love for nation does not require nationality or legal documents
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
