At the first aspect

Globalization has become a common word in the new era of international relations. Mainly it is a process of expanding trade and commence all over the world by creating a border less market. But it has had a far reaching effect on many aspects of life. With the development of high teach communication media and rapid transportation facilities the world has come closer. We can now learn in an instant what is happening in the farthest corner of the world and travel to any country in the shortest possible time. Countries of the world are like families in a village. We are living in a global village where third world countries like Bangladesh are in constant international with the developed ones. The all pervasive network and international relationship among the countries are creating mixed feelings and eliciting different responses from the world community. As Bangladesh is a member of this global network. It is greatly influenced by the remarkable process of globalization.Modern technology and globalization

Globalization is bow largely based on a strong technological foundation. The electric transfer of information via the internet has now created an instantaneous and interconnected world of information resulting in a twenty four hours trading network. This technology has largely changed banking and financial activities. Worldwide money transfer and transaction of business have now become a matter of clicking the mouse of a computer. We can now buy and sell goods through the electronic medium. Computers have thus brought about a revolutionary change in today’s world. Globalization is now only what technology makes possible.

Globalization and economy of Bangladesh

Globalization is marked by the universalize of free market economy. The idea of global trade which was inherent in capitalism has taken firm root across the globe. This free market economy has greater influence over the third world countries including Bangladesh. Free market economy has some salient features such as liberalization deregulation and privatization in this economy  decisions about the allocation of resources and production are made in which the prices generated by voluntary exchanges between producers consumers  workers and owners of factors of production . Decision marking in such an economy is decentralized decisions are made independently by groups and individuals in the economy rather than by central planners. In a nutshell this economy creates a market where every country has the chance to compete with one another without any interference and tariff protection. As a member of global village. Bangladesh can not but welcomes this policy which is creating both advantages and disadvantages for our economy. Thus these capitalist institutions are ruling our country. This process of globalized free market economy 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.

Free market economy

Free market economy has brought some changes and advantages in our economy

Expansion of trade and commerce all over the world. Promotion of regional and international cooperation.  Increasing opportunities for international economic support. Advancement in science and technology. Advancement in transportation and communication. Introduction of welfare economics. Free movement of foreign investment. Freedom of the consumers and the owners free from govt. free exchanges of foreign investment. Free exchanges of technology and capital among the countries. Thus free market economy has contributed to the progress of our economy. But for our country many opine this globalized economy has some serious side effects that are adversely affecting our economy. It is very clear that globalization has arranged an unequal competition between the developed and the undeveloped. So the industrially developed capitalist countries are on a triumphant march. It is creating more opportunities for capitalist countries other than the developing ones like ours. In the name of help and co operation the capitalist countries like usa the uk aare exploiting the cheap labor available in our country. The global strategy of development promises grater employment opportunities to people of our country but at the sometime it also promises high returns to the capital. Since our country is backward in science and technology it cannot excel in competition. As a result rich countries do better than the poor ones and prosper rapidly at the cost of others our market as they are not as good as the foreign goods.consequently our small industries  are meeting decay and being left unemployed. In the name of help and cooperation international financial institutions such as inf adb wb are trying to occupy market in the third world countries and thus making a huge profit they are providing loans to Bangladesh but they are imposing some conditions on our economy and politics .

Globalization and culture of Bangladesh

Although globalization is mainly concerned 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 cultures into our homes. Under the influence of 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 are intruding on them. This is having a profound impact on our young generation in particular. The intrusion of foreign culture is seen as a threat to our national cultural identity. Over the last years there have been significant changes in the life style of our young generation. They no longer feel proud of our rich cultural heritage. Every sphere of life such as food clothing entertainment etc is getting westernized. Hollywood is dominating the whole world. The remotest regions of our villages no longer enjoy our popular bangle songs and films. They are devouring Hindi films and songs and have taken those as the integral part of their life. They are foolishly imitating foreign culture in their life style and forgetting their root.

In the end

In this age of science and technology we must not keep our doors shut down. We must keep pace with the world. But we must not lose our identity as an independent nation. We should be vigilant enough to protect our culture from being distorted with perversity. Otherwise as nations we will be lost into oblivion and intellectually bankrupt.

In this age of science and technology we must not keep our doors shut down. We must keep pace with the world. But we must not lose our identity as an independent nation. We should be vigilant enough to protect our culture from being distorted with perversity. Otherwise as nations we will be lost into oblivion and intellectually bankrupt.

In this age of science and technology we must not keep our doors shut down. We must keep pace with the world. But we must not lose our identity as an independent nation. We should be vigilant enough to protect our culture from being distorted with perversity. Otherwise as nations we will be lost into oblivion and intellectually bankrupt.

In this age of science and technology we must not keep our doors shut down. We must keep pace with the world. But we must not lose our identity as an independent nation. We should be vigilant enough to protect our culture from being distorted with perversity. Otherwise as nations we will be lost into oblivion and intellectually bankrupt.