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.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.