Globalization and Its Socioeconomic Consequences: A Comprehensive Review

Abstract

                        Globalization, characterized by intensifying interconnectedness across borders,has profoundly reshaped our world since the late 20th century. This comprehensivereview delves into the complex and multifaceted relationship between globalization and   its socioeconomic consequences, offering a balanced analysis of both its potential          benefits and drawbacks.Drawing upon a broad range of academic literature, the review dissects the key dimensions of globalization, including trade, foreign direct investment,migration, and technological diffusion. It then examines the diverse socioeconomic impacts across different regions, income groups, and sectors.