The Complexities and Contradictions of Globalization , James N. Rosenau, Current History, November 1997.
Globalization is a complex concept that means different things to different people.
James Rosenau first defines the concept and then contrasts the process of globalization with localization. Rather than conclude that one force will prevail over the other, Rosenau argues that the two forces will contradictorily and simultaneously accommodate each other. Fallen Idol, The Economist, June 20, 1998. Japan was once feared for its economic power, but now there is a growing concern that its ailing system will prevent the economic recovery of the rest of Asia and the world. Significance and Consequences.