ABSTRACT
According to the skeptics, all the talk about globalization is just that—talk. Whatever its benefits, its trials and tribulations, the global economy isn't especially different from that which existed at previous periods. Globalization is political, technological, and cultural, as well as economic. It has been influenced above all by developments in systems of communication, dating back to the late 1960s. Globalization is a complex set of processes that operate in a contradictory or oppositional fashion. Globalization is the reason for the revival of local cultural identities in different parts of the world. Globalization also squeezes sideways. It creates new economic and cultural zones within and across nations. A pessimistic view of globalization would consider it largely an affair of the industrial north, in which the developing societies of the south play little or no active part. The debates about globalization author mentioned at the beginning have concentrated mainly on its implications for the nation-state.
