International Journal of Research in Arts and Social Sciences Vol 1 2009 Page 454 Globalization, An Opportunity or A Threat: A Critical Commentary Ozy B. Orluwene Abstract Commentators on contemporary issues are divided on the meaning and impact of globalization, which is the process of integrating the world community into a common system either economical or social. Globalization is a hot topic for many of people, especially educated professionals whose work focuses on global thinking and interaction. This is made possible through the increasing linkages among countries and the resultant direct investments, technological development and advancement in telecommunication which have increased global welfare and transformed the world into a global village. Consequently, more and more people are taking an increasingly critical view of this world- wide phenomenon called „globalization; not that they are against constructive cooperation among sovereign nations of the world on common goals but rather they reject its present model. This paper therefore offers a critical commentary on the state of this world-wide phenomenon in its various dimensions. Backed by data, it posits that globalization because of the monstrous proportion it has assumed in the world, is more favourable to the developed nations of the world, and a threat to less developed nations. Ways by which this phenomenon can be made more equitable are also suggested. 1. Introduction According to the holy book “Bible”, there is certainly a time for everything. Fortunately or unfortunately, globalization has become the dominant paradigm of the 20th or 21st century that has had it own history of socio-