veryone has its own understanding about this concept. Their definitions andunderstanding about the concept of globalization differs. The most unified definition of globalization explains that it is a concept in which the different economies of the worldamalgamate or unify with each other by reducing the barriers like tariffs of international trade,fee related to export and quotas on the imports. The globalization focuses on maximizing theeconomic efficiencies of the countries that are related to the wealth, products, services,manufacturing, supply chain, labor etc. by developing and fostering international relations,understanding and competition. It specifies the processes and operations that can be utilized bythe economies, cultures and businesses with the help of different modes like communications,supply chain activities, distribution networks etc.According to Bhagwati (2004) the term globalization is very ³ closely associated with theterm economic globalization: the integration of national economies into the internationaleconomy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence¶. While Sheila L. (2004) asserted that ³globalization isusually recognized as being driven by a combination of economic, technological, socio cultural, political, and biological factors´.It widely impacts the processes of a country that may relate to the political, social,cultural, technological, environmental frameworks as well as the economy of a country. Thesocial and cultural system is widely affected by this concept as the amalgamation of other cultures tends to change the culture of home countries (Conversi, 2009).