Weber explains different aspects of capitalism. He discussed how capitalists helped in the economic development of America and how the spirit of capitalism fought its supremacy against a whole world of hostile forces.
Globalization is termed as a worldwide integration of humanity and the compression of both temporal and spatial dimensions of planet wide human interaction. The whole world is changing very fast and every country is in the road of development. Modernization is the present trend and globalization is a part of it. Globalization narrowed the gap between different cultures and cultural pluralism is gaining more importance.
Because of globalization intercultural education is increasing. The best example is number of students from different parts of the world are coming to US to pursue their higher studies. Multiculturalism became possible due to globalization. We can see different cultures existing in one roof in US.
Internet, which became popular at the end of the 20th century helped in narrowing the gap between different parts of the world. Now information is being shared at the speed of light. With the help of Internet the whole world became global village. Internet has opened the gates for globalization. It created many possibilities for human interaction and business transaction.
Capitalism is defined as economic an ...