Abstract Globalization has mushroomed a host of complex issues which are relatively new; the erosion of the
nation-state, the decaying morality of people, the subjugation of weaker cultures by powerful ones, the increasing
commoditization of cultures, the increasing gap between the rich and poor, and the creation of others living in
the same locality. At the same time, many scholars conceive it to be a magical force characterized by progression,
development, and the coming together of the world in strange ways that strangles time, space and distance. Some
regard it to be something which should be welcomed and celebrated. This essay seeks to describe the various
scholarly voices within the globalization debate and examines how these voices explain the varied and differential
impact of this phenomenon on the Third World.
Key words: Globalization, Third World, Development, Neo-Colonialism, Global Village, Exploitation,
Underdevelopment, Capitalism.
INTRODUCTION
Globalization is not a straightforward or unidimensional concept that can comfortably be
defined in an empirically sound way. It is in fact
multi-dimensional and penetrates through
various disciplinary surfaces on which it operates.
It is linked with economists, sociologists,
anthropologists, and stirs debate on global
political aspects as well. Hence the term is of
interest to various disciplines and is defined by
each in their own way. Politically grounded
definitions of Globalization comment upon the
irrelevance and decline of sovereign nationstates, while highlighting the issues of
governance that occur as a consequence.
Economists conceptualize Globalization as
expansion of free-market economy and forced
capitalism encapsulating the entire world. For
critical sociologists like Schirato and Webb, it is
an ideological blanket used by the powerful to
order and influence the lives of people by
imposing a set of norms and values, a discursive
regime which eats anything in its path (El-Ojeili
and Hayden 2006). For McLuhan, it represents
the remarkable advancement of technology, the
compression of time and space, and the speed at
which communications across the globe take
place.
METHODOLOGY
The essay is a qualitative analysis of literature
produced on the Globalization discourse and is
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