It is often said that now the world has become a global village. Fast transportation, telecommunications, radio, TV and finally the computer have reduced distances and brought the most distant countries and nations close to each other. Naturally different countries have started  getting closer in all fields of commercial industrial and cultural activity which termed as globalization. The developed or advanced countries are getting closer in their own ways while the developing or still underdeveloped countries have not found ways of co-operating fruitfully and extensively.

The concept of globalization became popular after the collapse of communism in the Soviet Union and Eastern Europe. It is in fact the victory of capitalism and means trade without restrictions free movement of capital and technology and the operation of a completely free market economy. Globalization in the first place opens up new markets and provides opportunities for investment to industrialists and business persons. Thus if we make a rosy  interpretation of this aspect of globalization capital would flow from the developed countries like the  US,UK,France,Germany and Japan into the developing state like Bangladesh and ours, this capital  plus the labour force  available  in  these countries would make possible an industrial and agricultural revolution never heard earlier. But this does not happen. the capital flows to the  multinational companies having their branches in the developing  countries and it is later used to purchase raw material at very low prices to send it to the developed countries. The labour classes in the developing countries are so very ignorant and illiterate thanks to the cruel rulers and useless social traditions that they cannot work on modern machines to add to production with the help of foreign capital. Globalization can work wonders in the industrial and commercial sense if the working classes in the developing countries are educated and trained with foreign capital and with the money of feudal lords and capitalists inside. Then the thousands and millions of laborers workers and farmers can be invited to the advanced countries and to work in their own countries in turn.

Globalization means free trade or the lifting of restrictions of duties and taxes on imports and exports. It does not sound sensible on the part of the developed countries to open the free flow of their perfectly produced goods into the markets of the developing states where the same goods are either inferior or expensive. This kind of free trade will result in depressed sale of native goods closure of factories and unemployment of the labour class in the less developed countries.

The effects of free trade have disturbed the developed parts of the world as well.

If the developed countries transfer their scientific methods and technologies to the developing countries generously and start educating the common people devotedly the coming into force of true globalization. Sometimes, in the future it will become possible until the developing world comes up to the level of the developed world sociologically, economically, and politically. It will be impossible to have a one world economy and social system. It is time they started acting on economic programmes to construct dams, produce cheap electricity and to increase agricultural and industrial production for the general uplift of society.

By Iram Shahzadi


3 Responses to “Globalization”

  1. diablo 3 beta key says:

    Good day! I know this is somewhat off topic but I was wondering which blog platform are you using for this site? I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.

  2. Tampa Jobs says:

    Good job right here. I actually enjoyed what you had to say. Keep going because you certainly bring a new voice to this subject. Not many people would say what you’ve said and still make it interesting. Nicely, at least Im interested. Cant wait to see much more of this from you.

  3. parfumi says:

    Everything is very open with a really clear explanation of the
    issues. It was really informative. Your site is very useful.
    Thank you for sharing!

Leave a Reply


Additional Articles From "Globalization"