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Paragraph : Globalization

“Globalization” 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 a far reaching effect on many aspects of life. With the development of hie-tech communication media and rapid transportation facilities, the world has come closer. we can now learn in an instant what is happening in the farthest corner of the world and travel to any country in the shortest possible time. Countries of the world are like families in a village. They can even share their joys and sorrows like next door neighbours. If one country is in distress, others can immediately come with its assistance. But globalization is creating more opportunities for capitalist countries rather than the poor once. In the name of aid and assistance, the industrially developed capitalist countries are exploiting the cheap labour available in poor countries. The global strategy of development promises greater employment opportunities to the people of poor countries but at the same time it also promises high returns to capital. The exploited and poor workers of the developing countries are no match for a globalizing powerful capitalism. As a result, the gap between wealth and poverty is ever widening. The Rich countries should come forward to remove these difficulties. But the rich countries will never allow this to happen. Therefore, it is clear to us that globalization is not wholly beneficial to the poor and developing countries.   If Globalization is imposed on a properly educated and 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 the world a better place. Globalization integrates a global economy that influence on both economic and social relations among the countries of the world.