Globalization In A Broader Phenomenon: Understanding The Conceptual Generalities And Theoretical Tensions . (original) (raw)

The 21st century has been the era of Globalization, Privatization and Liberalization. Among all of these three concepts, the concept of Globalization has changed all the dimensions of society whether it is political, economical or cultural. It has transformed the world into a homogenized shrink village and has resulted into Time-Space compression. The revolution in the field of Information and Communication Technologies has been worked as a major tool of Globalization. Sometimes it also showcases a dualism between two different values and culture and creates a 'digital divide' within the society. Thus, the process of Globalization has its own characteristics and there are many concepts that try to define Globalization in their own perspective. But this paper tries to review all existing literature and to understand the notion of Globalization according to the contemporary period and how it has been implicated in this era of post-modernization.