Concept of Globalization
Features of Globalization
Effects of Globalization
Globalization and the Sovereignty of the State
INTRODUCTION
As a central concept in the present day international scenario, globalization is hard to define. Still, scholars have made attempts to provide a basic understanding of the concept. The concept has got inextricably linked with the process of transformation to king upon every aspect of social, political and economic development around the globe. It can be seen as a process by which the population of the world is increasingly bonded into a single society. In the social front, globalization signifies closer interaction of people and homogenization of culture and values and the world being transformed into a ‘global village’. Politically, it refers to the complex networks of global governance and shared political values resulting in the development of a tendency towards homogenization of global political culture. Economically, it is manifested in the form of liberalization tendencies, privatization, deregulation leading to a free market regime. On a greater plane, globalization has posed challenges to the raison d’être of the states—the dominant actors in international relations.
CONCEPT OF GLOBALIZATION
Scholars like Anthony Gidden (1990) a British sociologist conceive globalization as “the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa”. Robert Cox an American political Scientist (1994) visualizes globalization from a different perspective. For him, “The characteristics of globalization trend include the internationalizing of production, the new international division of labor, new migratory movements from South to North, the new competitive environment that accelerates these processes, and the...
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