Globalization in theoretical and historical perspective

Pages: 299-301
Pallawi Kumari (Department of Economics, Patna University, Patna, Bihar)

Of late, Globalization has become very popular and in vogue though it is an ancient phenomenon. In the current scenario of Covid 19 pandemic, globalization has caught everybody’s attention. However the assessment of globalization simply cannot be done over a year, a decade or even two. In true sense the term globalization is little older than that and the current stage is the result of various ups and downs that it has undergone through over a period of time. The aim of the paper is to understand the meaning and genesis of globalization. This paper will discuss periodisation of the process of globalization, trends, opportunities and challenges of globalization and how globalization today is different from yesterday.