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Globalisation

Globalisation has become a buzzword in the new era of international relations. Basically, it is a process of expanding trade and commerce all over the world by creating a borderless market. But it has had a far reaching effect on many aspects of life. It is now largely based on a strong technological foundation. The electronic transfer of information via the internet has now created an instantaneous and interconnected world of information resulting in a 24 hour trading network. This modern information technology has largely changed banking and financial activities. In fact, globalisation has been a result of improved communication. In this regard, media channels are playing the most vital role. As the young generations are more exposed to these channels, the impact of social values of different countries falls on them. They are also learning many things of the developed countries and are becoming ambitious and hopeful about life. As a result of globalisation, now the world is getting smaller day by day and countries of the World are becoming close neighbours. Because of globalisation,. all kinds of knowledge are spreading throughout the world within the shortest possible time. The people of the developing countries are getting employments or jobs in the developed countries. We can hope that the gap between the rich and the poor will come to an end in near future. Thus the people of the entire world will be the inhabitants of a happy global village.

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__________Globalization_________
Globalisation means free movement of goods, service, people and
information across the national
borders. It is mainly connected
with business, trade and
international relations by creating a
borderless world. The world has
now become a global village. With
the development of hi-tech
communication and rapid
transportation facilities, the world
has come closer. We can reach the
remotest corner of the
world within a second. If one
country is in distress,
others can immediately come to its
assistance. But the
globalization has some demerits
too. The gap between wealth and
poverty is ever widening. The
industrially developed capitalist
countries are exploiting the poorer countries. The
poorer and developing countries
should ensure good governance and
efficient management to get the
facilities of globalization. Proper
education is also necessary. If the
developed and developing nations
work together on terms of
solidarity, equity and justice the
process of globalisation will make
our world a better place to live in.

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