Taskin Ahmed

What Is Globalization? Globalization is a process of interaction and integrating among the pot, companies, and governments of different nations, a process driven by internationalist tidy sum and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on compassionate physical well-being in societies around the origination. Globalization is non new, though.For thousands of years, peopleand, later, corporationshave been buying from and selling to each other in lands at great distances, such as through the famed Silk road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the up-to-date wave of globalization are similar to those prevailing before the extravasation of the First World War in 1914. r Is it the int egration of economic, political, and pagan systems across the globe? Or is it Americanization and United States dominance of world affairs? Is globalization a force for economic growth, prosperity, and democratic freedom? Or is it a force for environmental devastation, exploitation of the developing world, and suppression of human rights? Positive impacts of Globalization Globalization is the new catchphrase in the world economy, dominating the globe since the nineties of the last century.People relied more on the market economy, had more faith in private capital and resources, international organizations started playing a vital role in the development of developing countries. The impact of globalization has been fair enough on the developing economies to a certain extent. It brought along with it varied opportunities for the developing countries. It gave a fillip for reform access to the developed markets. The technology transfer promised better productivity and therefore impro ved standard of living.