Globalization

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Globalization

CONTENTS  

    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...