Paper Title
Globalization On The Second Decade Of Millennium

Abstract
Starting with the 1990s, globalization has turned out to be the exhortation of all debates and analyses on contemporary social change. In the main, it is assumed that the present age is marked by the emergence of a genuinely global economy and society so that the international system of sovereign states has been rendered obsolete and the distinction between the national and international is waning. In other words, "The new reality is that the system of states is overlaid by a highly integrated, incompletely regulated, rapidly growing....global economy". In the new millennium, it is assumed that the presentage is marked by the emergence of a genuinely global economy and society so that the international system of sovereign states has been rendered obsolete and the distinction between the national and international is waning. In otherwords, "The new reality is that the system of states is overlaidby a highly integrated, incompletely regulated, rapidly growing....global economy". The contention that the power of the nation state is beingeroded from above and below is the basis of the political rationale forglobalization. Within the oretical and comparative studies of the phenomenon, the emphasis has been shifted towards different scales of political activity, so to say, sub-national, national, and supranational that flourishes as an indicator of a shift in methodology. Index Terms:Millennium, Globalization, 21st Century Jel Codes: M1,F6, F61