Conclusions are that a change in paradigm and conduct are needed on the part of society to achieve equitable economic and social development.
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.