The term Globalization...

The term  globalization is a phenomena which is inevitable specially at this point and time. The world is largely becoming a global village and there is a rise in the interdepence amongst countries. One could say that the world is becoming more and more efficient as far as the usage of resources and production of products is concerned. Thus the world is evolving and becoming a stage where the survival of the fittest is the need of the hour.

Globalization has not only encouraged development and prosperity amongst nations but has also created an environment where specialization as well as quality control and development procedures have attained a lot of importance along with a lot of development in these fields has also taken place. For example now countries know their strengths and weaknesses specialize in those fields which would be beneficial for the growth of the nation.

But like everything globalisation also has some disadvantages. The world has become very competitive and the countries who own the resources dictate terms to the dependent partners. The war which had initially started to attain greater market access has eventually leaded to a war to attain resources. The greatest example is the United States which started the war against terror so that terrorism be eradicated but if one reads different analysts associated with different think tanks around the globe, there is a general perception that the war is just a way to get hold of the resources present in Iraq and Afghanistan. Former President George Bush and Vice President Dick Chenny have been associated with different scams in regard to the war on terror.

The other disadvantage could be the unequal distribution of wealth as the rich are becoming richer and richer while the suffering of the poor is increasing by every passaging of day. Some believe that it is the result of free trade which is a product of globalization which has adversely affected the small trading partner.

Having said that still the benefits comapred to the disadvantages of globalization are far more greater. The concept of world becoming a global village might eventually lead to an international government which would act like a regulator amongst different countries.

The interaction amongst different cultures and traditions is also on a rise which would eventually lead to a common ground where all segments of societies could meet and the differences amongst them would be eliminated and by this interfaith harmony would also be possible.

By this the world would become a better place to live……