Globalization OR Global Integration

Globalization OR Global Integration


It is said that World has become a global village. Fast transportation, telecommunications (Telephone, Internet etc.), Radio TV and and the computer have brought the most distanced countries and nations close to each other.
Globalization is this together of countries in all fields of commercial , industrial and cultural activity.The developed or advanced countries  are getting closer in their own ways.The developing or still undeveloped countries have not found ways of co-operating fruitfully.
The concept (General idea) of Globalization became popular after the collapse of Communism in the Soviest Union and Eastern Europe. It is, in effect , the victory of capitalism and means trade without restriction , free movement of capital and technology and the operation of a completely free market economy.Strangely, and understandably,it does not sanction free movement of labour, from one country into another.
Globalization aims at opening up new markets and expanding invesment.In fact,capital does not flow easily from the  developed countries like the US, UK, France, Germany and Japan into our developing countries . Rather our capital flows to the multinational companies of the developed world in our countries.
The multinational companies buy cheap raw material from us at low process and send it to the developed countries.The developed countries then send back highly expensive finished goods to us. Our labour classes are so illetrate that they cannot work on modern machines  to add to production with foreign capital even if it is availabe.
Globalization can succeed if our working classes are educated and trained with foreign capital. In addition, the money of our feudal lords and capitalists should be used to educate the working classes.
Globalization also means free trade or lifting of restrictions of duties and taxes on imports and exports. We do not stand to gain much when our goods cannot compete with those of the developed countries.When the goods of the developed countries are allowed free entery here, our people will buy them in preference to our goods.
Our goods will not even be exported . This kind of free trade will result in closure of our factories and unemployement of the labour classes.
In fact, the time is not ripe for making free trade internationally operative. This can happen ,of course , when
 the developed countries have spent their capital and efforts on the education and training of the workforce of
the undeveloped part of the world.