Abstract

This paper aims to present the relation between innovation and globalization and its impact over the society. In this paper we will discuss whether globalization leads to innovation in economically developing countries by increasing competition on domestic market player from foreign players or vice-versa. With the help of major innovation policies and setting up of foreign brands in developing countries we will analyse that globalization is increasing connectivity, integration, and downgrading the concept of distance. The other main findings of the paper are that: 1) The impact of globalization on development of countries such as China and India; 2) Role of education in the development of globalization all over the world; 3) Impact of globalization over the gender biasness and other social cultural issues.

Key words: Globalization, Cultural Revolution, Gender Biasness, Economic Growth