The term Globalization talks about the end of individualism or superiority. Everyone is equal and easily can mingle with others culture in a globalized world. Generally globalization refers the process where goods and services move freely among nations. National boundaries become more invisible and irrelevant. In the early era there was a natural limitation to globalization. But in recent era the idea of globalization enhances its sphere and nowadays the sovereignty of the country is not considered serious matter in some context the general understanding of globalism and globalization, we can assume that this process had been developing and growing for over a hundred years and it is an continuing process. Be that as it may, there have been many changes in the globalization procedure over the most recent two decades that makes it particular from prior incarnations. The significant thing being exchanged today’s worldwide market is data and capital itself, instead of wares or different items. Mechanical change enables funding to move promptly. Changes in money related approaches, and in addition in what is being exchanged and the significance of capital, have made a worldwide market unmistakably not quite the same as past periods. Prior items and capital were more attached to a place.
Today, a hefty portion of the things exchanged and delivered in the worldwide market, for example, e-learning and computer innovation are amazingly versatile or rootless. South Asia is also mingled with the process of Globalization. As this region has density of population with widespread poverty, Globalization imposes positive as well as negative impact on countries incomes. There have been many changes in the globalization procedure over the most recent two decades that makes it fussy from prior incarnations. The significant thing being exchanged today’s worldwide market is information technology and capital itself, instead of wares or different items. Mechanical change enables capitals to move swiftly. Changes in money related approaches, and in addition in what is being exchanged and the significance of capital, have made a worldwide market undoubtedly not quite the same as past periods. Earlier items and capital were more attached to a place. Today, a hefty portion of the things exchanged and delivered in the worldwide market, for example, e-learning and computer innovation are amazingly versatile or rootless. The United States has risen as the main world superpower. This has permitted the U.S. huge impact in setting the terms for worldwide exchange.
The style of globalism pushed by the United States has favored the free development and security of capital, while being, best case scenario detached and at the very least unfriendly to the more place-ward work. It is the double relationship of versatile capital and settled sloppy and unprotected work that has made the conditions for cash-flow to rule. This has been extraordinarily improved by the U.S. position toward arranged out work and capital. While the U.S. has been forceful in securing capital both at home and abroad, it has supported both the debilitating of sorted out work and evacuating insurances for specialists. While both Japan and Europe have forcefully pushed for globalism, each has been additionally ready to secure work, the earth and certain business sectors – at any rate inside their own particular outskirts. (Powell, 2000)
Development and Globalization has complex relation. As they depends on each other because with the help of globalization the global citizen idea popularized on the other hand because of globalization specific identity and its importance realized by the entities of other countries. At this point of view we can presume that development and Globalization has a close relation. Both development and Globalization is considered as old as mankind but with the passes of time the idea and hemisphere changes according to the need of world system. Globalization and development bear the complexity of what is good for the group and economy. it is true that globalization has changed the reality of development in Bangladesh and the public sector should play an enabling role for positive development, taking cognizance of other players such as donors, NGOs and the private sector.
> Alma Siddiqua
