Shear Globalization: This and That About The World
Dr. Bhavya Soni, Assistant Professor, R.A. Poddar Institute of Management, University of Rajasthan, Jaipur
Isha Sharma, Student, Manipal University, Jaipur
Globalization is the continuous flow, interaction and integration of goods, services, capital and humans across political borders.
However, there has always been a tussle between the pro-globalization and anti- globalization sentiments. Different eyes view and put forward different opinions. International trading of goods and services has trimmed down since the Great Recession and investors are reluctant in sending their capitals abroad. But, all this has got complemented with a heavy upsurge in the migration of human resources and data transfers in the world.
This, therefore, implies that our world today is more like a stretched rubber band. One end denotes the loss in gross world product due to the shrinkage of the trading industry and loss on investments. On the other hand, we can observe hefty increase in the migrating population, coupled with the enormous rise in data sharing across the globe.
Therefore, researchers regard this strange phenomenon as “Shear Globalization”. This paper makes an attempt to attach factual evidences in establishing the concept of “Shear Globalization” and to underline major implications of the phenomenon on the socio-economic-political-technological waves of the world.
Keywords: Globalization, International Trade, Migration, Capital, Investments Information.