The word 'globalization' is being used to mean that the world has become a smaller place where distances between people and countries are being overcome through technology. It is, basically, a process of expanding trade and commerce all over the world by creating a borderless market. However, it is creating more opportunities for capitalist countries rather than for developing ones. In the name of help and co-operation, the industrially developed capitalist countries are exploiting the cheap labor available in poor countries. This is the common fear of the adverse effects of globalization in countries like ours. But, fear is not quite justified because globalization has also a far-reaching effect on many aspects of life. With the development of hi-tech communications media and rapid transportation facilities, the world has come closer. We can share our joys and sorrows like next-door neighbors with other countries. Globalization also brings all types of different customs and behavior into our homes through satellite television channels and the internet. So, we can enrich our local culture through constant interaction with different cultures but, along with this, the cultural assault can also be resisted by the strength of our own traditional social values, beliefs and attitudes.
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