Globalization
Introduction : Globalization has become a buzzword in the
new era of international politics and relations. In fact, globalization is a
concept inherent in the New World after the end of the World War II by the big
and powerful nations. Globalization is related to free market economy which means free movement of goods,
services, people and information across the
national borders.
What is Globalization
: Globalization is basically an economic concept. It has evolved from late capitalism. Globalization aims at
'globalizing' capital and goods. That is, globalization is a process of
expanding trade and commerce increasing the flow of capital and commodities all
over the world by creating a border-less market.
Instruments of
globalization : Globalization is now on a strong foundation. The development of hi-tech communication system
and rapid transportation facilities has turned
the world into a village, popularly termed as global village.
The countries of the world are now like families in a
village. The barrier of land and space has
been removed. As a result, we can now learn in an instant what is happening in
the farthest corner of the world. We can also travel to any part of the world
in the shortest possible time. The use
of computer, mobile and satellite networks, internet and other information technology has brought the whole
world in our drawing room or office room.
Prospects of Globalization : Globalization has opened up a
new horizon of tremendous -possibilities for the nations of the world.
Countries of the world are very closer to each other. They can share their
views and ideas, knowledge, information and technology. They even can stand by the distressed nations
instantly. The process of globalization has made the whole world a free and huge market of
goods and services. The inhabitants of the whole world are the consumers of the products. A
product produced in one country is quickly marketed all over the world and
thus available anywhere in the globe. So, globalization has increased trade. and commerce, flow of
capital money, investment movement of people and workers all over the world.
Challenges of Globalization : Nothing is an unmixed
blessing. Globalization has a far reaching and profound impact on many aspects
of life. Globalization has challenged and risked traditional notion. It has
been claimed that globalization widening the gap between rich and poor, between
develop and developing or underdeveloped nations. Because. agro- based,
technologically backward and poor countries are no match for industrially developed, technologically advanced, powerful
nations. Globalization aims as widening
market for capital and goods, but at the same time it ensures maximum
profit for the capitalists and
investors. In this case, the poor and underdeveloped nations are lagging behind in the competition of market.
Threats of
Globalization : Capital does not flow alone. With capital and goods, ideas
and value, culture and power all move.
Thus, globalization is now being seen as a cultural and ideological assault on the developing nations.
Critics of globalization assert that
globalization has ended racial, cultural and linguistic varieties and
distinction of the nations of the world
imposing the ideas. values, social customs of the western world over other nations. English has become global language
threatening the existence of the world.
In fact. globalization has tremendous impact, sometime slow& unnoticed, but
steady and powerful, over the life-style food habit, clothes, education, sports and culture and many other aspects of the
global people.
Conclusion : Globalization has both prospects and pitfalls.
If the nations of the world can create an atmosphere of cooperation, peace and
solidarity, every nation can be benefited from the process of globalization.
They can fight together global problems like poverty, illiteracy, aids, war and
conflicts, terrorism and also work together in solving the problems of
over-population, hunger and environmental pollution or global warming. The
globe then would be better place for everybody.
