Globalization

Globalization means free movement of goods, service, people and information across the national borders. The idea of Globalization came into practice only in the last decade thought the idea was age old. The world has come closer with the development of hi-tech communication media and rapid transport facilities. We can learn instantly what is happening in the remotest corner of the world. We are also able to go to any country in the shortest possible time. This is how countries of the world are like families in a village. However, as a result of Globalization, capitalist countries are enjoying more opportunities by exploiting the poor countries. Globalization integrates global economy in a way which exerts influence on both economic and social relations among the countries of the world. Some critics say that Globalization has come to defend the interest of the developed countries only. The poorer and developing countries should ensure good governance, efficient management and investment in infrastructure for Globalization to work in favour of them. Otherwise they will be exploited by the capitalist countries in the process. If Globalization is imposed upon a properly educated and properly trained labour force in an appropriate system it will lead to development and progress. If the developed and developing nations work together on terms of solidarity, equity and justice the process of Globalization will make our world a better place to live in.