Understanding Globalization and its Future: An Analysis
Year: 2014
Type: article
Abstract: Globalization is a complex and dynamic phenomenon. What make thisphenomenon more complex are the contradictory justifications on theorigin of globalization, conflicting ways of defining the phenomenonand differing viewpoints on globalization dimensions. This paper triesto provide definitions of globalization which support its historicaldevelopment perspective. History has provided some details aboutground breaking events in different eras of globalization. Variousdimensions of globalization are also available in this study. Briefdescription of each dimension is given for understanding globalizationfrom different aspects. Last and most important part of this paper iscomprised of current events, statistics, reports and trend analysiswhich help in predicting globalization’s future. Future is forecastedbased on available facts and figures. Conclusively, the result of alldiscussion on future of globalization is that it will survive andgradually grow with respect to all aspects. Stage is set for enhancedglobalization. Although it has pros and cons, it is on our part tosupport, facilitate and encourage positive impacts of globalization,while searching ways to minimize or discourage its drawbacks.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2187431425