Globalization and the Rapid Social Changes

August 13, 2007 at 8:09 am | In Economy, Globalization & Dev't. | Leave a Comment

If a sociologist had proposed ten years ago to write a book about globalization, nowadays – it would’ve been a dull of apprehension!!! What is actually globalization???
By globalization, we usually mean the process whereby societies, communities and individuals are increasingly interconnected around the world. Social processes in one part of the world impact on those in other parts.
Globalization can be equated with the collapse of so-called communism and the establishment of free markets on a truly international scale. Establishment of the World Bank, the International Monetary Fund (IMF) and the extent the European Union (EU) indicates the growth of new markets – the expansion of a world economy. Read more.

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