Globalization and Social Development: Issues and Scenario

Abstract

We see that globalization is accomplished by new patterns of inequality and polarization have to acknowledge that the global restricting of production that is taking place favours a number of countries and ethnic groups but bypass or even harms a considerably larger number. Poorer segments of the world population are increasingly punished towards degraded areas and are forced to overexploit natural resources, straining the adaptability of local cultures. The commercialization of agricultural production and the processes of migration accompanying industrialization have had all kinds of ‘gender-effects’ and have depended the interactive patterns between rural and urban areas. The labour markets are characterized by numerous forms of fragmentation Attempts at macro-economic stabilization are accompanied by institutional reforms that emphasize liberalization, deregulation, and privatization, all implying a withdrawal state in favours of the private sector.