Taskin Ahmed

What Is globalisation? Globalization is a process of interaction and desegregation among the bulk, companies, and governments of contrasting nations, a process driven by international trade and investment and back up by information technology. This process has do on the environment, on culture, on governmental systems, on economical development and prosperity, and on human physical well-being in societies around the world. Globalization is not new, though.For thousands of years, large numberand, later, corporationshave been buying from and selling to for each one other in lands at capital distances, such as through the noted Silk Road across Central Asia that committed 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 current ruffle of globalization are similar to those regular before the outbreak of the First orb War in 1914. r Is it the integ ration of economic, political, and cultural systems across the globe? Or is it Americanization and United States dominance of world personal matters? Is globalization a force for economic growth, prosperity, and democratic freedom? Or is it a force for environmental devastation, exploitation of the ontogeny 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 vie a vital role in the development of growth countries. The impact of globalization has been fair enough on the developing economies to a certain extent. It brought along with it change opportunities for the developing countries. It gave a fillip for intermit access to the developed markets. The technology transmit promised better productivity and thus imp rove standard of living.