IJCRT21
IJCRT21
IJCRT21
ABSTRACT
Globalisation has today become a major sort of debate among academicians, policy makers and NGOs.
Its impact is profound. Despite the continuing emphasis on promoting global prosperity and achieving a more
“just world,” negative aspects of globlisation remain rife in our globe. Poverties, inequalities, injustices,
starvations, backwards and marginalizations are all serious problems many societies are still experiencing.
Globalisation creates new opportunities for many peoples to increase their wealth and enhance their
prosperities. On the other hand, the potential for people of different cultural and religious backgrounds to know
and understand one another owing to this process is greater than ever before. Therefore, it is important that one
not reject it totally. Instead, as a short and medium-term strategy one should try to inject ethical and moral
considerations into some of the dominant economic institutions, activities and goals associated with the process.
KEYWORDS- Globalisation, democracy, society, equity.
Globalisation is an ambiguous term. It means different things to different people. It may mean different
things to the same person. So what does globalisation mean? Is it a new stage in human civilization that goes
beyond national borders or native cultures? Could it lead to a universal entity within which criteria of race,
color, religion, class, language … etc, would disappear? Or is it just another transformation in world economy?
Is it a means of dominance or another face of neocolonialism intending to control people’s minds and lifestyles,
or to make their future dependent upon the actions and behaviors of market whales and business groups?
With the end of the Cold War, liberalist nations have become more interested in promoting the free trade
principle, where market mechanisms must be dominant, and governments must not interfere in economic
activities. The economic and military strengths of these nations assist them to pursue this objective through
convincing many other countries to conduct structural changes in their economic, political, cultural and social
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