Globalization directly influences Economical, Political, Cultural and Technological frontiers of the world order. Due to diversified nature of each of the different aspects, which are even interlinked to each other, globalization too shadows its effect, which causes a complex correlation of all the paradigms. Systematically looking into the different aspect on how globalization has influenced them and how they have influence globalization in return is a whole new universe. Understanding the interconnectedness and correlation of these aspects is imperative to understand the concept of globalization and its implications independently o the nation states independently and also being a part of the “Global System” in the new world …show more content…
The influence of globalization on culture has implications on societies, nations and even organizations. Globalization promotes flow of culture and ethnic practices across borders, need to hope it is for a better interaction, where every culture maintains its peculiarity but incorporates some things of the other culture to give a common platform of oneness and bring out the feeling of commonness. This would give institutions, nations and organizations efficient management and better control by adapting to specific cultures at the grass-root level.
Globalization offers new opportunities for information and technological exchange to everyone but has not benefited everyone in the same manner. There is a wide gap between huge Corporations and the nations. Only ones who have been in their core scientific explorations are the ones reaping the benefits. Simply by bringing up policies, which encourage learning and easy access to knowledge and technology will help the rest reap benefits out of the phenomenon. (P.Conceicao, DV Gibbons,