Ever since the process of globalization has started it gives an impression of large scale changes. It appears as an integration of cultures, societies, market economy, technologies and nations. All the individuals groups, corporations have come closer in one sense. Scholars view globalization not as an inexorable process but as a deliberate, ideological project of economic liberalization. It conveys a message that something new is happening to the world. Historically globalization has been a process with highs and lows and there has been a rapid integration of the economies in terms of trade flows, movement of capital and migration of people. Globalization leads to loss of national sovereignty and imposes constraints on the pursuits of independent domestic policies. Globalization has become an expression of common usage and it refers to different things to different people. It appears as purely an economic concept but has repercussions in other fields also. If speaking broadly, globalization means integration of economies and societies through ideas, information technology, capital finance and people. The essence of globalization seems as connectivity but fear of cultural hegemony somewhere and some around haunts.
Globalization, Society, Economy, Culture
