First of all let’s try to understand what globalization is; here we find more than one definition:
-Name for the process of increasing the connectivity and interdependence of the world's markets and businesses (www.investorwords.com)
-System of interaction among the countries of the world in order to develop the global economy (hubpages.com)
-Worldwide movement toward economic, financial, trade, and communications integration. Globalization implies opening out beyond local and nationalistic perspectives to a broader outlook of an interconnected and inter-dependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labour and may hurt smaller or fragile economies if applied indiscriminately (www.businessdictionary.com)
-Describes a process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade (wikipedia)
-Globalization is a process of advancement and increase in interaction among the world’s countries and peoples facilitated by progressive technological changes in locomotion, communication, political and military power, knowledge and skills, as well as interfacing of cultural and value systems and practices. Globalization is not a value-free, innocent, self determining process. It is an international socio-politico-economic and cultural permeation process facilitated by policies of governments, private corporations, international agencies and civil society organizations. It essentially seeks to enhance and deploy a country’s (society’s or organization’s) economic, political, technological, ideological and military power and influence for competitive domination in the world. (www.unpan1.org)
Globalization, since World War II, is largely the result of planning by politicians to break down borders hampering trade to increase prosperity and interdependence thereby decreasing the chance of future...