The literature review of selected documents, books and newspaper/magazine articles serves to identify issues involved in this global phenomenon.
The article explores the political, economic and social globalization process. The literature review of selected documents, books and newspaper/magazine articles serves to identify issues involved in this global phenomenon. As a result, it appears that as long as the current pattern of global capitalist reproduction persists, globalization will tend to favor a small group of highly developed countries to the detriment of the majority of the worlds population, making it difficult to meet the challenges of human development. Conclusions are that a change in paradigm and conduct are needed on the part of society to achieve equitable economic and social development.