There is a large body of literature on the process of globalization and its impacts in the 21st century. A significant trait of the 21st century, according to literature is the increasing internationalization of trade, production, investment, finance, technology, communication, politics, society and almost any conceivable sphere. The world is shrinking towards a truly global village. Does globalization lead to equality as anticipated or brings about grave inequalities in its wake? The neo-liberal ideology and the Washington consensus hold that globalization with its free trade and market competition is inbuilt to foster economic growth. However, there are enough disturbing Continue reading...
