What is Globalization ?


Globalization, as defined by rich people like us, is a very nice thing… you are talking about the Internet, you are talking about cell phones, you are talking about computers. This doesn’t affect two-thirds of the people of the world.

Jimmy Carter

  The word ‘Hope’ is good word connected with ‘Change’. Norman Vincent Peal expresses “The Power of Positive thinking”. In this new world of modernization changes are happening continuously to make the life different than it was previous moments.

  If we compare the present world, western countries have observed better prospects of growth and prosperity in last couple of centuries. If you could imagine, most of the revolutionary innovations are triggered in western countries. Few countries remained untouched by this change. People there had nothing to do with the progress. People in poor African countries are still living life of Homo sapiens. In nineteenth century, People in America, England were enjoying scientific revolutions and material world, India was clutched by caste system, gender inequality and superstitions. Russia was struggling with serfdom system. They have no smell of changing life outside their circle.
Now, the time has not remained as it was before. Emerging markets are spreading like cordon. Companies are growing with the philosophy to change the human life. Companies or Organizations which are not socially responsible to change the human life are left behind by even smaller companies which manage with change and make a difference.
To become successful in world of consumerism, all possible efforts are done to make their products available to most of the people. Principle of marketing, e-commerce are utilized and renovated along with changing time. WTO and other similar organizations are stimulating the multilateral trades. There is no boundary to human hope. When people dream to live better and good standard life, there are better chances that it will be provided. Nandan Nilekani of Infosys says, “company’s greatest achievement lies not in producing technology but in redefining the boundaries of the possible.

  Economic crisis or recessions are self created asymmetry in the world. Western countries are more possessive towards better life. Aftereffects of efforts to achieve such life are gloomy. It has generated imbalance in the economic structures. I can say that no country found unaffected after recession. America is still suffering with unemployment. Barack Obama’s wish to stop offshore jobs in India has not been much effective. Currently, Everyone out of ten people in US is unemployed and they have lost the hope of getting job, as situation has not changed from three years. India and China are growing with rate of 9% and 10% respectively but US and UK could not move ahead of respective growth rate of 3% and 2%.
  At this moment, situation is not much worse. Internet is also accessible to ordinary people. So, they can at least know about what is going around the world. Tele communication cost has reached its lowest point in history. So, Communication gap is removed. Heath reforms are hope of long and better life.

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