Rethinking Globalization: Political and Socio-Economic Dynamics

Rethinking Globalization: Political and Socio-Economic Dynamics

Registration ID: IJNRD_183955

Published ID: IJNRD2211102

DOI: Click Here to Get

Amandeep Kaur

Key Words: World Order, International Political-Economic aspects, Power Play, Security Interests.

Abstract: - Rethinking means coming back. Rethinking globalization does not entail examining various views of the existing process. Instead, we must examine the concept of globalization, which is primarily characterized in terms of internationalization—political, economic, and other. We may look at globalization from three angles: the evolution of physical borders, particularly the redefinition of regions, the evolution of labor division and power distribution, and the changing role of culture. The global order has changed dramatically as a result of Covid19. It has exacerbated mistrust and hostility between countries, which is organized around the US-China division. Global relations increasingly resemble a divided world molded by country coalitions united by geopolitical and security concerns. All governments are now more or less compelled to pursue measures involving economic liberalization and investment openness. Examining diverse perspectives on the existing process is not required when rethinking globalization. Instead, we should look at the concept of globalization, which is essentially defined by internationalization—political, economic, and other. Globalization can be examined from three perspectives: the evolution of physical borders, notably regional definitions, the evolution of labor division and power distribution, and the changing role of culture and trade in a currency that is stable. Yet, while promises of improved wealth for everybody are not being fulfilled, large nations utilize protectionist measures at the expense of poorer countries. Managing geopolitics and geo-economics, as well as the pressures of organizing international trade and the flow of capital, technology, and people, will be a struggle for a number of countries. This study examines the characteristics of the current world order, which is based on power struggle between some of the world's main nations. The contemporary world environment will be examined for changes and disruptions encountered by major global institutions such as the WTO and WHO, as well as supply chain rearrangement. As one of the world's fastest developing economies, India is considered in this regard as it grapples with new reflections and difficulties.

Published Paper   E-Certificate

"Rethinking Globalization: Political and Socio-Economic Dynamics", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.7, Issue 11, page no.b8-b12, November-2022, Available :https://ijnrd.org/papers/IJNRD2211102.pdf

Volume 7 Issue 11, November-2022

Pages : b8-b12

Paper Reg. ID: IJNRD_183955

Published Paper Id: IJNRD2211102

Downloads: 000121157

Research Area: Social Science and Humanities 

Country: Ropar, Punjab, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2211102.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2211102

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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