An Investigation on the Globalization and Its Economic Social Political and Cultural Impact
Abstract
The relaxation of national borders and the world starting to act like a single geographical area are two characteristics of globalization. One of the most prevalent yet fiercely competitive trends and processes in contemporary life is globalization. Specifically, the global population is exchanging trillions of data per day, and the dissemination of information through digitization and information technology, or the Internet, has converged around a single electrical line. Given this, the idea of country is vanishing and the foundation for a global society has been established; as a result, financial transactions and the trade of goods can be observed through electronic means. According to Giddens (1990), globalization is the term used to describe the strengthening of social ties on a global scale and the influence of distant events that link distant regions on local events. Thus, the extension and intensification of human contacts that were dispersed both locally and internationally might be characterized as globalization. This has made it possible to quickly establish links by technically reducing the tens of thousands of miles that divide the geographically separated regions. Another effect of this is that, as a result of globalization, events that occur at a distance influence the form of events that occur locally. That is, how globalization affects social, political, and economic developments on a local level.
How to Cite This Article
Jayarathne SDY, Wijethunga WTD (2024). An Investigation on the Globalization and Its Economic Social Political and Cultural Impact . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 5(6), 942-947.