Introduction: Globalization has become a buzzword in the new era of
international relations. Basically it is a process of expanding trade
and commerce all over the world by creating a borderless market. Now it
has had a far-reaching effect on many aspects of life. With the
development of hi-tech communication media and rapid transportation
facilities, the whole world has squeezed and people have come closer to
one another. Now we can learn in an instant what is happening in the
farthest corner of the globe. In fact, globalization is currently
understood mainly in terms of inter-connectedness of nations and regions
in economic domain. In particular, trade, financial flows and
traditional corporations. In other words globalization is seen as an
economic parallel to internationalization in the form of the universal
rule of the market, notwithstanding the fact that there has been an
interlined process of political and cultural globalization exemplified
by Increasing democratization, spread of English translocations of
media, particularly television programs and movies and wide awareness of
global environmental problems. Impact of globalization on Bangladesh:
Impact of globalization is obvious in the following spheres (a) Impact
on communication: With the impact of high-tech communication media and
ultramodern transpiration facilities, the world has come closer. Now we
can learn instantly what is happening in the farthest region. Countries
of the world have become like families in a village. They can share
their joys and sorrows like next door neighbors. (b) Impact on the
economy: The impact of globalization on Bangladesh economy cannot be
denied in any way. Like the developing countries of the world our
country is getting benefit out of borderless market. Our GDP has
increased. Garment industries are considered the foreign exchange
earner. In terms of investment, employment and exports, the functioning
EPZs have been greatly successful. (C) Impact on modern technology:
Globalization is now largely based on a strong technological foundation.
The electronic transfer of Information via the Internet has now created
an instantaneous and inter connected world of information resulting in a
24-hour trading network. This technology has largely changed banking
and financial activities. Worldwide money transfer and transaction of
businesses have now become a matter of clicking the mouse of a computer.
Some products like software and TV programmes are also amenable to
digital or electronic transmission. We can now buy and sell goods
through the electronic screen. Globalization is now only what technology
makes possible. (d) Impact on politics: After the fall of Soviet Union
Communism fell down and the east-west conflict was resolved. Moscow was
no more rival to Washington. Each and every country turned into
competitive economic market. The wave of globalization has also touched
our politics. We can learn the democratic norms and values now.
Bangladesh has got the taste of democracy. (e) Impact on sports and
recreation Sports play an important role in the development of
International relationship. Many international sporting events are
organized from time to time. These events are telecast worldwide by
satellite and people all over the world watch them live. The sports
venue becomes a meeting place of people from different countries. They
come closer to each other, sharing views, opinions and friendship.
Bangladesh is also the beneficiary of this opportunity. (1) Impact on
education: Like other developing countries of the world, Bangladesh has
identified education as the key to prosperity and progress. Donor
countries are contributing to the progress of our literacy rate and
overall education. Various international organisati9ns have responded
dramatically with their generous aid in education sector. Many
non-formal schools are being run. Meritorious students are availing
themselves of the foreign study scholarship. (g) Impact on our culture:
Although globalization is mainly connected with business, trade and
international relations, it is no longer viewed from that perspective
alone. The tide of globalization is now encroaching into other spheres
too. Satellite television channels and the internet are bringing all
sorts of different customs and behavior into our homes. Under the
Influence is globalization. Global cultures are steadily getting
integrated with local cultures. Different cultures are constantly
interacting. As an independent nation, we have our own traditional
social values, beliefs and attitudes. But in the globalizing process,
many foreign customs and beliefs are intruding on them. (h) Impact on
family Globalization exerts influences on our concepts of family.
Commercialization and rapid urbanization have resulted in breakdown of
traditional large families into nuclear ones. Expanded rate of female
education is another example of the impact of globalization. Demerits:
Taking the advantage of the idea of globalization. Capitalist countries
are exploiting and impoverishing the workers of the developing
countries. In the name of help and cooperation, the industrially
developed capitalist countries are exploiting the cheap labor available
in poorer countries. This actually paves the way for a lasting poverty
so that the capitalists can continue to have a pool of cheap labor to
draw from. The exploited and impoverished workers of the developing
countries are no match for a globalizing powerful capitalism. As a
result, the gap between wealth and poverty is ever widening.
Globalization has put the people of the world on the same vessel but in
different cabins. Conclusion It is true that globalization has produced a
window of opportunity for more counters to Join the mainstream of world
economy. Through globalization process. The world can be knit together,
cross-fertilization of culture can take place, and transfer of
knowledge can become a reality. It has the hazards too and in the
ultimate analysis no country is safe from the hazards of globalization.
We can conclude by quoting the Appollo-7 astronaut that, the thing that
impressed me about looking to the earth from outer space was that the
borders between countries were not visible. National borders are
virtually meaningless today. If we want to be advanced, we should have
co-operation and interdependence but not conflict arid dependence. If we
can build up an atmosphere of mutual understanding and co-operation
through the globalization process, our world can certainly be a better
place to live in.
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