Globalization.

Globalization is one of the central concept in current analysis of the economi and society. The term was used 40 years ago.with the reference of economist – but the idea of modernization within a global market-placehas much earlier origin in the writings of saint simon and park.
The financial crisis which spread through emerging markets in 1998 brought home to many people to extent to which their livelihood depend on unpredictable event a long way away.
Its now seems likely that, while deeply traumatic for many individual and some countries.
Notably asia and the former soviet union, this latest crisis will prove to have been no more than 1 of the growing pains of an increasly interdependent global economic system. there have been panic and warning of imminient collapse before . in early 1970s with demise of the bretton woods fixed exchange rate regime. in late 1970s after the OPEC oil shock and with worries about the world running out of raw material . in the early 1980s with the latins America debt crisis and fear for the solvency of major western bank , and in 1987 with an equity market collapse in the USA .

Its still possible – though unlikely – that bad luck incompetence could turn recent sign of systemic weaknesses into a collapse of the kind experience in the wake of the 1929 crash . but , even if it does not there is a proper questioning of globalization and the system of governance .on which economic integration is based , this volume seeks to address some of this issues ; what does globalization issues mean ? it is inevitable ? and if not , is it desirable. How does the system .
The present network of the state of globalization.

Globalization what does it means ?

In the vast , multidisciplinary literature that has multiplied rapidly during the 1990s . globalization has become portmanteau term –of description approval or abuse