'Globalisation' has become a buzzword in the new era of international relations. Basically, it is a process of expanding trade and commerce all over the world by creating a borderless market. But it has a far reaching effect on many aspects of life. With the development of hi-tech 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. They can even share their joys and sorrows like next door nighbours. If one country is in distress, others can immediately come with its assistance . But globalisation is creating more opportunities for capitalist countries rather than the poor ones. In the name of aid and assistance, the industrially developed capitalist countries are exploiting the cheap labour available in poorer countries. The global strategy of development promises greater employment opportunities to the people of poor countries but at the same time it also promises high returns to capital. The exploited and poor workers of the developing countries are no match for a globalising powerful capitalism. As a result, the gap between wealth and poverty is ever widening. The rich countries should come forward to remove these difficulties. But the rich countries will never allow this to happen. Therefore, it is clear to us that globalisation is not wholly beneficial to the poor and developing countries.
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