Globalization from the word global means spreading throughout the world.

The aims of having a

‘globalized community’ are to have interdependence of the entire world and its people from each other
with concern for the rest of the world at the expense of national self-development and self-interests.
Globalization is the term used to describe the way countries are becoming more interconnected both
economically and culturally. It is an international process driven by trade, investment, technology, and
finance. This process has effects on the environment, culture, political systems, economic development
and prosperity, and on human physical well-being in societies around the world.
Over the past 20 years, there had been significant developments in both communications and transport
technologies. The introduction of specialized ball carriers and container ships has helped to reduce the
cost of transport and greatly increase the volume of world trade. Recent developments in communications
technology especially the development of the internet and email enable people anywhere on earth to have
access to and distribute vast amounts of information. The production and distribution of goods and
services are increasingly dominated by huge companies known as transnational corporations, TNCs. The
business links of the TNCs’ create a more integrated world economy where decisions made in one
country can affect people in other parts of the world. International trade has given countries access to
goods and services they are unable to produce themselves or can obtain cheaper from other places.
Evidence of globalization is everywhere but it is important to recognize that some are against it. Some
groups argue that TNCs are responsible for many of the world’s environmental problems. These problems
include global warming, the depletion of natural resources, and the production of harmful chemicals.
Some groups also claim TNCs take advantage of developing countries by polluting industries within their
borders, logging their tropical forests, and exploiting their labor. Other concerns include the loss of local
culture, the tendency for developed countries to interfere in the affairs of developing countries and the
reduced power of governments to control economic activity. However, there are people who support
globalization and suggest it benefits individuals and the global community. Supporters of globalization
claimed data’s results in faster economic growth, quicker access to new technology, cheaper imports, and
greater competition. They also argued that globalization will make the world economy more efficient and
will continue to create hundreds and millions of jobs mainly in developing countries.
Every nation’s development concerns involve a global dimension. The world is fast becoming one global
village. People are citizens of the world as they are of their own nation. No longer can a country turn
inward and isolate itself, content to move at its own pace without being in touch with the rest of the
world. Today, economic interdependence binds otherwise ideologically separate nation-states together.
The exigencies of trade reconcile even the most bitter enemies. And even the most obstinate nationalism
must give way to economic and political cooperation. This global context redefines nationalism and
national interest which could lead to the loss of self-identity. But on the other hand, any country pursuing
growth and prosperity must discover that it must do so within the global scheme of things. It must seek
out areas of interaction and cooperation, first with its closest neighbors, then within the region, and
eventually with the rest of the world if it aims to get anywhere.