Globalization

Globalization
Globalization is basically an economic concept. It has evolved from late capitalism. Globalization aims at globalizing capital and goods. That is globalization is a process of expanding trade and commerce increasing the flow of capital and commodities all over the world by crating a borderless market.
Globalization is now on a strong foundation. The development of hi-tech communication system and rapid transportation facilities has turned the world into a village. Popularly termed as global village.
The countries of the world are now like families in a village. The barrier of land and space has been removed. As a result, we can now learn in an instant what is happening in the farthest corner of the world. We can also travel to any part of the world in the shortest time. We can reach any where of the world use some instruments, such as computer, mobile and satellite networks, internet and other information technology has brought the whole world in our drawing room of office room.
Globalization has increased trade, and commerce, flow of capital money, investment, movement of people and workers all over the world. Globalization has opened up a new horizon of tremendous possibilities for the nations of the world. Countries of the world are very closer to each other. They can share views and ideas knowledge, information technology by use social networking site such as fecebook, twitter, and etc. the event can stand by the distressed nations instantly. The process of globalization has made the whole word a free and huge market of goods and services.
Nothing is an unmixed blessing. Globalization has a far-reaching and profound impact on many aspects of life. Globalization has challenged and risked traditional notion. It has been claimed that globalization widening the gap between rich and poor between develop and developing countries are no match for industrially developed, technology advanced, powerful nations. Globalization aims as widening market for capital and goods, but at the same time it ensures maximum profit for the capitalists and investors. In this case, the poor and underdeveloped nations are lagging behind in the competition of market.
Capital does not flow alone. With capital and goods, ideas and value, culture and power all move. Thus, globalization is now being seen as a cultural and ideological assault on the developing nations. Critics of globalization assert that globalization has ended racial.
So it’s a very bed effects for humanities, we can use globalization for wealth of humanity. In fact we cannot use proper. it's our shame.