The Importance Of Globalization

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Globalization has become a favourite catchphrase of everyone; journalists, economists, politicians, environmentalists, lawyers, and even farmers. But what people mean by 'globalization ' is often confused and confusing. Scholte notes that “in spite of publications on the subject, our analyses of globalization tend to remain conceptually inexact, empirically thin, historically and culturally illiterate, normatively shallow and politically naïve. Although globalization is widely assumed to be crucially important, we generally have scant idea what, more precisely, it entails”. This is associated with ‘globalization’ being a truly multifaceted phenomenon, with implications that encompass not just the economic but also the social, political, cultural and geographical.3 Radice, for example, notes that “globalization has been a prominent topic among geographers and sociologists as well as economists and political scientists, and is studied within every paradigm, from neoclassical economics to postmodern social theory to realist international relations theory to Marxism’. As widespread as the notion of globalization may be, there are still those who challenge the concept and insist that there is nothing like a globalized village. According to Yusufu Bala Usman:5 “What sort of village is it, in which, the villagers in one part of the village, are totally prohibited from going to the other part of the village, even though most of the good things of life in the village are to be
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