Globalization And Conundrum Over Its Nature: Is It Connecting or Breaking the World?

  • Dr. Daya Prakash Yadav


In the present international economic order, the word Globalization is the catchphrase which has attracted and influenced the economic policy makers around the world. The term globalization no doubt, stated about global village but it has brought many debates regarding its actual aspects and nature. There has been an agreement among all the researchers and economists regarding its actual definition. However, there seems a sort of disagreement among them when the question related to its actual nature and implications has come before them. There are many instances when the forces of Globalization have been considered as instruments of connecting the whole world. But there are also many occasions when these forces are considered as dividing in nature. In this paper, an emphasis is made on the true nature and consequences of Globalization in the present international economic order.