Name of the Paragraph: GlobalizationGlobalization is a process of expanding trade and commerce all over the world by creating a border less market. It has become a buzzword in the new era of international relations. But it has had a far reaching effect on many aspects of file. With the development of sophisticated communications media, rapid technological progress, 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 neighbours. If one country is in distress, others can immediacy tell come to its assistance. If we can build up an atmosphere of mutual understanding and co-operation through this globalization process, our world could certainly be a better place to live in But globalization has its demerits too. 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, only a trifling minority is traveling in luxurious cabins furnished with all modern amenities. They have access to nutritious food, pure drinking water, sophisticated Medicare and a file of luxury. But the overwhelming majority is traveling in the third class deems and is suffering from hunger and disease. Globalization can bring happiness to everyone only when all passengers of the ship can travel in the same class of cabins in conditions of solidarity equity and justice.