Abstract

Globalization is a term so broad in its scope that there is an inherent issue in defining what it truly means. The word globalization lends itself to unlimited interpretations and one would be hard pressed to find a concordant definition amongst scholars, practitioners and every people. The following paper is an attempt at refining and clarifying the concepts of globalization following the antithetic curse/blessing separation and asking: Is globalization the “Good, the Bad or the Ugly?” In the second half of this essay there will be a focus on normative aspects with the help of the “Capability approach.”