Impacts of globalization pdf

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Nor does globalization create or encourage economic freedom, opportunities, and choice at all levels rather it is more akin to a monoculture of ideas, politics, and economic models. The mix of material and ideological elements that make this expansion possible makes globalization a hegemonic process. Rather, it is the successful expansion on a world scale of particular localisms of social, economic, and political organization, which are neo-liberal and capitalist in character. Globalization is not an inclusive or progressive form of internationalism. However, globalization also involves sweeping changes on the social, cultural and political terrains. Globalization is often exclusively associated with worldwide economic integration and the emergence of a borderless global market.