Abstract
Globalization is a phenomenon in which the world has become a global village. The
world societies have become inter-connected with each other. This phenomenon has
impacted the social, cultural, traditional, economic, technological, and political
spheres of states. The concepts of common market economy, borderless trade, and
development in science and technology have brought the states together in a system
of common interests and benefits. However, as according to the realist perspective,
globalization has not been able to diminish the state sovereignty and identity of
states. The future of globalization is also going to be restricted to this factor and the
establishment of borderless society cannot be foreseen in the near future
Waqar Hussain, Khurram Maqsood Ahmad. (2018) Epistemology of Globalization in Contemporary World and its Socio- Economic Effects, Orient Research Journal of Social Sciences, Volume 3, Issue 2.
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