ABSTRACT
As we have already seen in previous chapters in this volume, the impact globalization has on the countries it penetrates is much broader than the mere integration and homogenization of commercial and financial institutions. It even reaches beyond the political institutions and labor markets discussed in the previous section. Globalization, because it changes the internal social and economic environment of a country, changes the values and beliefs the people of that country rely on to navigate through that environment. Not only does globalization interject ideas and ideologies from abroad; under the impact of globalization, indigenous ideas are transformed in order to maintain their relevance in a new situation.
