Globalization | Composition | Essay

Globalization

Globalization has become a buzzword in the new era of international politics and relations. In fact, globalization is a concept inherent in the New World after the end of World War II by the big and powerful nations. Globalization is related to the free-market economy which means free movement of goods, services, people and information across the national borders. Globalization generally means the free movement of goods, services, people and information across the national border.

The idea of globalization is not new. Globalization is now on a strong foundation. In the present world, globalization has been introduced with a view to extending the borderless market. It creates an integrated global economy that influences both economical and social relations among the countries of the world.

Because of globalization, a country can be benefited in many ways including the free market, trade, commerce, culture, employment opportunities and so many. Mainly the developed countries are highly benefited globalization. The globalization process in south Asia was introduced to increase economic growth, but it is a matter of sorrow that the capitalist countries are becoming richer day by day and the poor countries are becoming poorer. In this context, Bangladesh is affected seriously.

However, globalization can be fruitful only then when there will remain balance regarding the positive activities of the countries. Globalization has both prospects and pitfalls.

If the nations of the world can create an atmosphere of co-operation, peace, and solidarity, every nation can be benefited from the process of globalization. They can fight together global problems like poverty, illiteracy, aids, war and conflicts, terrorism and also work together in solving the problems of overpopulation, hunger, and environmental pollution or global warming. The globe then would be better placed for everybody.