SOVEREIGN STATES

In simple words, globalization means the spreading of a business, culture or any technology on an international level. Globalization is an effort to reduce the geographical and political barriers for the smooth functioning of any business. It’s also stands for cross border facilities and economics linkages with a view to secure an integration of economics interests and activities of the people living in all parts of the world. Baylis and smith defined globalization as the process whereby social relations acquire relatively distance less and borderless qualities.1 It is a concept which stands for the wholesome interconnection of world markets and flow of goods, services, technology and people across borders. This is projected as the imperative way for securing the objectives of economic growth, spread of technology, sustainable development and better standards of living in all other countries both developed and developing. Various scholars have giving different definition of globalization.