ShodhPatra: International Journal of Science and Humanities

Globalization: The phenomenon in making

Globalization, in its modern day avtar, is a very complex and multi-dimensional process/phenomenon. But at the core of it, is a process of international economic integration, which also has a very comprehensive and far-reaching socio-cultural and political dimensions. In fact modern form of globalization is the most decisive and defining phenomenon of contemporary world. Keywords: Neo-liberalism, Internationalism, Hybridization, High modernity, glocalisation. As a new term ‘Globalization’ was initially used by a limited number of academies to denote an economic process / phenomenon. It gained widespread acceptance in the 1990s, and has since become a household Phrase. Numerous languages have included it into their lexicon, and academic disciplines from a range of backgrounds have made it the focal point of their research and publication activities.