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.