Globalization refers to the establishment of an international network, relating to an economic and social system. Historic transformations are affecting the lives of individuals in industrialized countries and most developing ones. National economies and even national cultures are becoming increasingly globalized. Globalization entails increasing competition, not just with companies in the same city or region, but with enterprises all across the world. Globalization also means that a country's investment, production, and innovation are not limited by its borders. Everything is rapidly getting arranged around a much more compacted notion of space and time, including family and friend relationships. The challenges associated with the evolution of sociology as a worldwide science, as well as the rising interpenetration of national traditions, cultures, and economies as a result of global change, are addressed in this book. By outlining the important concepts and ideas of information and knowledgebased societies, this book will provide insight for students, corporate and political stakeholders, researchers, scholars, and administrators.