Globalization and Bangladesh.

Globalization has emerge as a buzz in the new era of global family members. basically, it is the manner of increasing and starting alternate around the world through creating a without boundaries market. but it has had a ways-reaching consequences in lots of regions of existence. With the improvement of excessive technology communication, media and rapid transportation facilities, the sector has come nearer we are able to now immediately learn what is happening inside the farthest corners of the arena and journey to any us of a in the shortest time. The countries of the sector are like a village own family. We live in a worldwide village where 0.33 world countries like Bangladesh are in regular contact with developed countries. all of the extensive networks and interactions between the international locations are creating mixed feelings and various reactions from the arena network. considering Bangladesh is a member of this global network, it's far closely motivated by way of the widespread technique of globalization.

Cutting-edge generation and globalization: Globalization is now largely based on a robust technological foundation. The electronic transfer of data through the internet has now created a right away and interconnected world of facts resulting in a 24-hour trading community. This generation has greatly changed banking and monetary activities. worldwide cash transfers and commercial enterprise transactions have become a count of computer mouse clicking. we can now buy and sell merchandise electronically. computers have accordingly revolutionized the sector these days. Globalization is now the only generation that makes that feasible

 

Globalization and the financial system of Bangladesh: Globalization is characterised through the universalization of the unfastened market financial system. The concept of ​​global exchange, which changed into inherent in capitalism, has taken root all around the international. This free market financial system (laissez-faire) has an effect on third international countries which include Bangladesh. free market economic system (hands of policy) has a few terrific functions along with liberalization, deregulation of internationalization and privatization. in this financial system selections are made about the allocation of sources and production wherein values ​​are generated by using voluntary exchange between manufacturers, purchasers, employees and owners of the causes of production. selections in this sort of economic system are decentralized. selections are made independently by way of groups and people in the financial system, now not by using significant planners (Macmillan Dictionary of Economics). with none other interference and obligation safety. As a member of the global Village, Bangladesh can not welcome this policy, which is growing each blessings and disadvantages for our financial system. free marketplace economy has introduced a few changes and blessings in our financial system along with

* Growth of exchange and trade all over the global.

* Selling nearby and international cooperation.

* Increase opportunities for worldwide financial assistance.

* Advances in science and generation.

* Development in transportation and verbal exchange.

* Introduction of e-trade in Bangladesh.

* The function of the welfare economy.

* Free float of foreign funding.

* Freedom of consumers and owners is free from government. Intervention

* Loose trade of era and capital among international locations.

Therefore unfastened market financial system has contributed to the progress of our economic system but for our united states of america, in step with many, this globalized economy has a few serious aspect-effects that are adversely affecting our economic system. it is very clear that globalization has created an unequal opposition among the advanced and the underdeveloped. consequently, the industrialized capitalist international locations are inside the prevailing procession. that is growing greater opportunities for capitalist countries other than developing international locations like ours. within the name of useful resource and cooperation, capitalist nations like the united states of america and the United Kingdom are exploiting the cheap lobe available in our u . s . a .. the global method for development promises more employment for the human beings of our country however at times it also guarantees better incomes inside the capital. Our usa is lagging behind in technological know-how and generation and can't compete. As a result, rich nations do higher than the negative and others enhance their fees quicker. Our market is full of foreign merchandise. So our home merchandise are dropping marketplace due to the fact they may be not as good as overseas merchandise. As a result, our small industries are being eroded and heaps of those who are depending on or dependent on these industries are getting unemployed. inside the call of resource and cooperation, global economic institutions which include IMF, ADB, WB are seeking to seize the markets of 0.33 world international locations and for that reason they may be lending to Bangladesh with massive profits, however they're imposing positive conditions on our economic system. And politics.these situations assist them to exercising their electricity in our financial system and politics. hence these capitalist establishments are ruling our u . s . and this rule is known as 'neo-colonialism'.

This manner of globalized unfastened marketplace financial system paves the way for persistent poverty so that capitalists can get a pool of cheap hard work. Globalization has no in shape for the exploited and terrible workers of developing countries for strong capitalism. As a result, the gap among wealth and poverty is widening.

Globalization and lifestyle of Bangladesh: even though globalization is especially commercial enterprise, exchange and worldwide related to the connection, however it's far now not regarded simplest from that attitude. The tide of globalization is now flowing in different areas as nicely. satellite tv channels and the net are bringing a ramification of cultures into our houses. below the affect of globalization, global lifestyle is gradually integrating with local subculture. extraordinary cultures are continuously interacting. As an impartial kingdom we've got our very own traditional social values, ideals and attitudes. however within the system of globalization many overseas customs are infiltrating them. it is having a profound effect on our younger technology especially. Many see the intrusion of foreign way of life as a danger to our national cultural identity.

The previous few years have visible massive modifications within the lives of our young era. they may be no longer pleased with our wealthy cultural historical past. every issue of lifestyles consisting of food, clothing, amusement, and many others. is turning into Western. The complete international is dominating Hollywood and Bollywood. The far off regions of our u . s . aren't free from all these pervasive influences. humans dwelling in our village not experience our famous Bengali songs and movies. they're ingesting Hindi movies and songs and taking them as an critical part of their lives. they're foolishly forgetting their roots by using imitating overseas way of life in their life-style. In short, rising erosion has taken over and we are culturally drowning in its waterlogging.

On this age of technology and technology we ought to no longer preserve our doorways closed. We need to attempt to hold tempo with the arena. however we must not lose our identity as an unbiased kingdom. We have to be cautious enough to protect our culture from being distorted. in any other case we as a country might be forgotten and intellectually bankrupt.