Contribution of Fiscal Decentralization to Economic Growth: Evidence from Pakistan



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Understanding Globalization and its Future: An Analysis
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· January 2014
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Usman Riaz Mir
Virtual University of Pakistan
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University of the Punjab
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Virtual University of Pakistan
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Pakistan Journal of Social Sciences (PJSS) 
Vol. 34, No. 2 (2014), pp. 607-624 
 
Understanding Globalization and its Future: An Analysis 
 
Usman Riaz Mir 
Lecturer, Virtual University of Pakistan 
Email: usmanriazmir@vu.edu.pk 
Syeda Mahnaz Hassan, PhD 
Assistant Professor, Department of Social Work, 
University of the Punjab, Lahore 
Email: drsyedamahnazhassan@gmail.com 
 
Mubashir Majeed Qadri 
Lecturer, Virtual University of Pakistan
 
Abstract 
Globalization is a complex and dynamic phenomenon. What make this 
phenomenon more complex are the contradictory justifications on the 
origin of globalization, conflicting ways of defining the phenomenon 
and differing viewpoints on globalization dimensions. This paper tries 
to provide definitions of globalization which support its historical 
development perspective. History has provided some details about 
ground breaking events in different eras of globalization. Various 
dimensions of globalization are also available in this study. Brief 
description of each dimension is given for understanding globalization 
from different aspects. Last and most important part of this paper is 
comprised of current events, statistics, reports and trend analysis 
which help in predicting globalization’s future. Future is forecasted 
based on available facts and figures. Conclusively, the result of all 
discussion on future of globalization is that it will survive and 
gradually grow with respect to all aspects. Stage is set for enhanced 
globalization. Although it has pros and cons, it is on our part to 
support, facilitate and encourage positive impacts of globalization, 
while searching ways to minimize or discourage its drawbacks. 

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