This then means that globalization does not hold the same benefits for all members of the global community.
It holds more benefit for members of developed nations while developing nations can be said to be in a rather deprived position.
Through the elaboration and adoption of market-oriented policies and regulations at both the international and local levels, the national governments have played a very vital role in allowing greater interdependence and economic integration of specific activities (Bertucci & Alberti 2001).
The most formidable force is the economic dimension of globalization as it is the driving force for both the social and political aspects (Ibrahim 2006).
Free 3000 words Globalisation Essay: The concept of globalization is currently a popular but very controversial issue, and has been one of the most widely debated issues since communism collapsed.
‘Debates currently raging about globalization include whether it even exists, whether it is more important now than at some earlier date, whether it is displacing the nation state, and whether it is more important than regionalism or localism’ (Stallings 2000).
James Rosenau, a foremost political scientist, defined globalization as ‘a label that is presently in vogue to account for peoples, activities, norms, ideas, goods, services, and currencies that are decreasingly confined to a geographic space and its local and established practices’ (Stallings 2000).
For those looking at it from the economic angle, it refers to the increasingly internationalized character of the emerging global economy.
Looking critically at the concept, globalization in its broadest sense can be said to be a prismatic, complex, and multidisciplinary topic.
It can be examined from several angles which includes not only economic, the most common viewpoint, but also social, cultural, ideological and political ones.