Globalization is like a tidal wave that strikes with a powerful force, dominates and suppresses developing new forms of life.
The worldwide free market intensifies the incongruity between the centers of capital and the peripheries. The players with knowledge and power lay down the rules, while the others fall into line (Ankie, 1997). The creation of a worldwide free market is grounded in a sequence of decisions taken by the US over the last 30 years, which dismantled the post-war international monetary system, liberalized world markets and granted the financial sector an autonomy and unparalleled power. The richer countries and institutions are making rules to their own advantage, reducing them to mere pawns in a game rigged by others.
On the brighter side, globalization offers access to foreign capital, global export markets, and advanced technology while breaking the monopoly of incompetent and safeguarded domestic producers to less developed countries. Faster growth, in turn, promotes poverty reduction, democratization, and higher labor and environmental standards (Daniel, 2002).
Globalization simply has a homogenizing impact that increases the similarities that make all humans correspond other humans wherever they happen to live. However, for the dedicated area specialist who wants to discover what is specific and special about each area, the task becomes harder. There are positive and negative aspects of globalization and one has to balance his stance rooted on the two aspects. It is not an issue where you take one side alone that the idea of looking at globalization from only economic perspective is restrictive, as we know that the phenomenon is more costly than that (Ankie, 1997). In an arising global system, where daily advances in technology are increasingly becoming the vehicles for the fulfillment of scientific progress, economic prosperity and cultural wealth, the means might change, but the objective remains.....
