Literature Review
We live in the fast growing world of globalization where the entire world has now shrunken into a small global village. Globalization has often been regarded as the ‘cradle’ of global economic development. This so called ‘world liberator’ however has not escaped criticism as opponents claim that it has been the cause of social evils and rising levels of poverty in developing countries. Due to the nature of globalization and in its bid to open up social, economic and political boundaries currently in place, various functions in different countries have been affected. This research will shed some light on the potential threats and benefits of globalization along with its effect in developing countries. This has been a subject of debate with different views being put forth about the possible outcome of globalization in developing countries.
Introduction
International Relations is one of the most intensely studied and debated areas of intellectual inquiry. This is in part due to the distinctive theories and theoretical debates which have enriched research and writing in the field since World War II. Neorealist, neoliberal, constructivist and structuralist schools of thought all contribute insights which advance the leading research agendas. The main subject of this research project is Political Globalization and its impacts on the 21 st Century.
Definition
Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. However we see that to different scholars, the definition of globalization may be different.
According to Cheng (2000), it may refer to the transfer, adaptation, and development of values, knowledge, technology, and behavioral norms across countries and societies in different parts of the world.
According to Tom Friedman globalization is an International System that replaced the