Globalization

Globalization is very important in international relations. Basically it is a process of expanding trade and commerce all over the world by creating a border less market. But it has a far reaching effect on many aspects of life. With the development of high tech communication media and rapid transportation facilities, the world had come closer. We can now learn instantly what is happening in the farthest corner of the world and travel to any country in the shortest possible time. Countries in the world are like the families in a village. They can even share immediately come to its assistance. But talking advantages of the idea of globalization, capitalism seems to be on triumphant march. It is creating more opportunity for capitalist countries rather then for the developing ones. In the name of help and cooperation, the industrially developed capitalist countries are exploiting the cheap labor available in poorer 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. Computer, e-mail, fax, internet, satellite are the new addition of globalization, Computers have thus brought about a revolutionary change in today’s world. If we could build up an atmosphere of mutual understanding and cooperation thought the globalization process, our world could certainly be better a place to live in.