Globalisation
Globalisation means the
process of expending trade and commerce all over the world taking the advantage
of borderless market. It has created an integrated global economy which
influences every country of the world developed and undeveloped. Critics and
economists say that in the race of globalization developing countries can not
be a match to the developed and capitalist countries. It has been found that
most of the advantages of globalization goes to the capitalist countries. The
poor and developing countries are not only supplying a pool of cheap labour to
the benefit of the industrialist countries. However, there are at least one
benefit for the developing countries which is to provide the poor people with
employment as labours in mills and factories run by foreign investors.
Globalisation has offered employment opportunity for the developing countries.
Besides, they can draw more foreign investment if they can ensure good
governance and proper infrastructure. However globalization was initiated in
the subcontinent to accelerate economic growth and a competitive atmosphere for
industrial development. We are looking for what good globalization can do for
us in the future.
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