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 two 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 economies 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
borderless market.
Instruments
Of Globalization: Globalization is now a strong foundation.The development of
hi-tech communication system and rapid transportation facilities has turned the
world into a village.
The
countries of the world are now like families in a village.The barrier of land
and space has been removed.As a results,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 nation 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 marketted 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 a
challenged and risked traditional nation.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
ides,values,social customs of the western world over other nations.English has
become global language threatening the existence of minor languages of the
world.In fact,globalization has tremendous impact,sometimes slow and unnoticed
but steady and powerful,over the lifestyle,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-populations,hunger and
environmental pollution or global warming.The globe then would be better place
of everybody.
0 Comment to "Globalization"
Post a Comment