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Impact Of Globalization On Bangladesh

Updated on March 15, 2013

Globalization 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 frontier-less market. But now it has had a far-reaching effect on many aspects of life. With the development of hi-tech communication media and rapid transportation facilities, the hole world has squeezed and people have come closer to one another. Now we can learn in an instant what is happening in the farthest corner of the globe. In fact, globalization is currently understood mainly in terms of mutual relationship of nations and region of economic domain, in particular, trade, financial flows and traditional corporations. In other words globalization is seen as an economic parallel to internationalization in the form of the universal market, notwithstanding the fact that there has been an interlined process of political and cultural globalization exemplified by increasing democratization, spread of English, television schedule and movies and wide awareness of global environment problems.

Impact Of Globalization On Bangladesh:

Impact of globalization is obvious in the following spheres :

  • Impact On Communication :

    With the impact of high-tech communication media and ultramodern transportation facilities, the world has come closer. Now we can learn instantly what is happening in the farthest region. Countries of the world have become like families in a village. They can share their joys and sorrows like next-door neighbors.
  • Impact On The Economy :

    The Impact Of globalization on Bangladesh economy cannot be denied. Like the developing countries of the world our country is getting benefit out of border-less market. Our GDP has increased. Garment industries are considered the foreign exchange earner. In terms of investment, employment and exports, the functioning EPZs(Export Processing Zones) have been greatly successful.

  • Impact On Modern Technology:

    Globalization is now largely based on a strong technological foundation. The electronic transfer of information via the internet has now created an instantaneous and inter-connected world of information resulting in a 24-hour trading network. This technology has largely changed banking and financial activities. Worldwide money transfer and transaction of businesses have now become a matter of clicking the mouse of a computer. Some products like software and TV schedules are also amenable to digital of electronic transmission. We can now buy and sell goods through the electronic screen. Globalization is now only what technology makes possible.
  • Impact On Politics:

    After the fall of Soviet Union Communism fell down and the east -west conflict was resolved. Moscow was no mote rival to Washington. Each and every country turned into competitive economic market. The wave of globalization has also touched our politics. We can learn the democratic norms and values now. Bangladesh has got the taste of democracy.

  • Impact On Sports And Recreation:

    Sports play an important role in the development of international relationship. Many international sporting events are organized from time to time. These events are telecast worldwide by satellite and people all over the world watch them live. The sports venue becomes a meeting place of people from different countries. They come closer to each other, sharing views, opinions and friendship. Bangladesh is also the beneficiary of this opportunity.
  • Impact On Education:

    Like other developing countries of the world, Bangladesh has identified education as the key to prosperity and progress. Donor countries are contributing to the progress of our literacy rate and overall education. Various international organizations have responded dramatically with their generous aid in education sector. Many non-formal schools are being run. Meritorious students are availing themselves of the foreign study scholarship.

  • Impact On Our Culture:

    Although globalization is mainly connected 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 customs and behavior into our homes. Under the influence of globalization, global culture 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 and beliefs are intruding on them.
  • Impact On Family:

    Globalization exerts influences on our concepts of family. Commercialization and rapid urbanization have resulted in breakdown of traditional large families into nuclear ones. Expanded rate of female education is another example of the impact of globalization.

Taking the advantage of the idea of globalization, capitalist countries are exploiting and impoverishing the workers of the developing countries. In the name of help and co-operation, the industrially developed capitalist countries are exploiting the cheap labor available in poorer countries. This actually paves the way for a lasting poverty so that the capitalists can continue to have a poor of cheap labor to draw from. The exploited and impoverished workers of the developing countries are no much for a globalizing powerful capitalism. As a result, the gap between wealth and poverty is ever widening. Globalization has put the people of the world on the same vessel but in different cabins.

It is true that globalization has produced a window of opportunity for more countries to join the mainstream of world economy. Through globalization process, the world can be knit together, cross-fertilization of culture can take place and transfer of knowledge can become a reality. It has the hazards too and in the ultimate analysis no country is safe from the hazards of globalization. We can conclude by quoting the Apollo-7 astronaut that, "The thing that impressed me about looking to the earth from outer space was that the borders between countries were not visible." National borders are virtually meaningless today. If we want to be advanced, we should have co-operation and interdependence but not conflict and dependence. If we can build up an atmosphere of mutual understanding and co-operation through the globalization process, our world can certainly be a better place to live in.


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    • vespawoolf profile image

      vespawoolf 2 years ago from Peru, South America

      It's true that there is both a positive and negative side to globalization. It's too bad that capitalist countries take advantage of developing countries. We need to be aware never to take advantage of others on an individual basis. Thank you for sharing this information.

    • breathing profile image

      Sajib 5 years ago from Bangladesh

      Thank you very much @SubRon7 my friend for you nice comment.

    • breathing profile image

      Sajib 5 years ago from Bangladesh

      Thank you @froch for your inspiring comment.

    • Jen's Solitude profile image

      Jen's Solitude 6 years ago from Delaware

      Very interesting hub about global influences. Very thorough!

    • DomesticEngineers profile image

      DomesticEngineers 6 years ago from Surrey, BC, Canada

      Yes, we need to work together and learn from each other. Bangladeshis need to view themselves as valuable too. They can ask for a higher wage if that would solve the problems.

      A lot of families stick together as well in a more capitalist society. There are many family run businesses where the parents and their kids run it.

      I am glad that you mentioned the helpers. None of us are alone. We all need each other. It takes a globe to raise many villages.

    • Pintoman profile image

      Pintoman 6 years ago

      How does creating jobs create poverty? It doesn't. If you don't want to work, don't. Wealth is created. More opportunity does not mean poverty. But if you and the people in your country think jobs mean poverty, guess where you will be. The United States did not become what it is by asking other countries to give their wealth. We created it. It is not the rest of the world's responsibility to give you anything.

    • SubRon7 profile image

      James W. Nelson 6 years ago from eastern North Dakota

      A very beautiful hub, Breathing. "Same vessel, different cabins" sort of like the Titanic movie, a very good way to put it, my friend. Yes, the world is changing, quickly, in some cases too quickly, in others not quickly enough. Yes, America and other "developed" contries do depend on poorer countries and cheaper labor for much of our needs. But that will change in time too, and in America there is also a huge finacial gap between the haves and the havenots. But even in my low level of life I can afford a laptop and the internet. Notice earlier I said "my friend" and I do consider you a friend, Breathing. I also have several "friends" from India, one from Pakistan, another from Nepal, and that large island next to India (can't think of the name) also friends from the UK and Canada, as well as the US. Just saying, my friend, the world is changing fast, and it's up to you and me to keep up...

    • baharlaghari profile image

      baharlaghari 6 years ago from Jamshoro Sindh

      Very good, and its really a great achievement of Bangladesh after separation from Pakistan. iam Happy, we Sindhi also want separation from Pakistan

    • profile image

      PenMePretty 6 years ago

      Wonderful work. He's got the whole world in His hands. :-)

    • froch profile image

      froch 6 years ago from Tychy

      Very informative hub for people who are interested in this topic. Thank you and vote up!

    • profile image

      Binaya.Ghimire 6 years ago

      I can relate Bangladesh with my country: political instability, poverty, going through rough ways of globalization. Thanks for this great piece.