Abstract: Globalization can be defined as the integration of the world in contexts as varied as economic, social and cultural.... it is the growing interdependence of countries as a part of multilateral trading system that is evolving over the past few decades. While this system of opening-up of economies has contributed to the rapid growth of world output and has increased the significance of trade in the generation of output, it has also exposed the countries across the world to growing uncertainties and volatilities that engulf this regime. Dani Rodrik in his book “The Globalization Paradox: Democracy and the Future of the World Economy” discusses the paradox of Globalization as the phenomenon of pushing globalization too far that can undermine its own institutional foundations. He highlights how there is a delicate balance between democracy and globalization. He takes note of the fact that different societies have different structures and thus, different institutions emerge as a way of balancing the systems and making sure that markets function well. Thus, the diversity that is inherent in the world scenario. Rodrik, examines the way in which democratic preferences do not go along with full globalization. In the light of his discussions, this review paper is an attempt to get an insight into the evolution of globalization, its pros and cons and Rodrik’s analysis of the paradox. This paper provides the way ahead for countries in this scenario.