Globalization (Definition 2019)
Introduction
Globalization is based on a strong technological foundation. Modern technology and globalization are inseparably related. Globalization is the free flow of goods, information, news go, and views. It has opened up the geographical political barrier (HT) among the nations of the world. Though globalization mainly opens our business to all, it has a far-reaching effect on many other aspects of life. Globalization removes the misunderstanding and misgivings (TT) among the nations of the world. Globalization is serving the purpose of the rich capitalist countries of the world by expanding trade and commerce all over the world by creating a borderless market
The benefits of globalization
Globalization has immense benefits. Though this new movement mainly opens up business, trade, and commerce, it also establishes a relationship among the people of the world. Globalization has created challenges as well as opportunities. If we can ensure better services at a competitive price, we can certainly survive the competition. Our labor is cheap. So our production cost will be naturally cheaper. But at the same time, we have to ensure qualities. In this regard our garment industries are having tremendous success in the world mark Globalization will also remove tension among the nations of the world. It will open the avenues of dialogue and understanding. The benefits of globalization are obvious in the recent tremendous und economic success of China. Taking advantages of globalization, China is having unprecedented
The Demerits Of Globalisation.
The poor third world countries will have face the competition investors of the third world countries have oiThe demerits of globalization: The poor third eradicate fa globalization than the poor third world countries. Many small businessmen of our country are educ from the developed rich powerful countries. The developed countries have huge capital, long established efficiency, reputation. On the other hand the little capital, having no efficiency at all. So the capitalists are taking more advantages of losing to the investors of the developed countries. The western businessmen are taking control of our own businesses. In the global world, the developed countries are exploiting the cheap labor of third world countries.
The position of Bangladesh in the context of globalization
In term of economic volume, Bangladesh has got the 49th largest economy. Our GDP is about 7 % and above. So our economy has recently created a lot of enthusiasm. These positive signs encourage the Bangladesh to be optimistic () But, there are also some negative aspects (P)in our economy. Our political instability in faith and unrest very often result in hartals and violence. As a result, there is a negative image of the country. First of all, we have to remove these political uncertainties. Our overall atmosphere is not environment-friendly. We have to create an atmosphere for setting up new industries, mills and credit sh, factories. We should also prepare ourselves to compete with the industrialized countries in term efficiency and punctuality. We have the cheapest labor in the world. So our products will be cost effective. Our recent success in the garment sector is a shining example of our possibilities in the labor-intensive (eH)industries.
Conclusion
We have to understand the truth that we can't turn the wheel of globalization back to protectionism. Globalization is an inevitability. As a result, we should not fight against globalizing process but we have to go with the process to gain out of globalization. For doing so we should be equipped to face the sharp competition created by globalization. The world people believe globalization should serve humanity more than the petty interest of the capitalist few
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