ABSTRACT
There has been abundant coverage of globalization and its implications both in professional and in popular media, spanning the entire range from extolling its benefits to damning it for all kinds of ills. There seems to be a widespread view that globalization is a new phenomenon, but there is substantially less agreement on what globalization means. A broad definition of globalization that covers a lot of the disputed ground highlights the increased connectivity and interdependence of the world’s markets, businesses and even cultures. The outcomes of globalization have been pronounced, on balance, positive although this balance is strongly disputed by the detractors of globalization.
