Globalisation: A Mechanism For Generating Disparities In The Society

Globalisation is a process of interaction and integration among people, companies, and governments worldwide. It is a process that influences every sphere of our life. The ripple effects of globalization affect every nations of world. The nature and magnitude of globalization has been changing time to time. Technological revolution makes the magnitude of globalisation faster and in virtual form. Globalization functionally erases the political boundaries of different regions and creates a global village. The study is qualitative and conceptual in nature. The researcher has used primary and secondary data in the study. Mainly content analysis technique has used. The study reveals that globalization has positive as well as negative impact on different aspects of life. It helps to create a conducive environment for economic development, societal upliftment, political maturation and environmental concern. Economically, politically, and technologically advanced nations are more benefitted due to the globalization. Developing nations or the regions which are not developed economically, politically or technologically gradually become dependent on the develop nations. Globalization creates extreme competitive markets that directly influence the global economy. Individuality of nations gradually extinct. Small business, native culture, regional languages, and customs are gradually abolishing. It creates an inequality within and between societies. It should be remembered, globalization is necessary for the progress of civilization but it is also necessary to re-think about our native culture, customs, languages, and individuality. Therefore, we can nourish the local issues and promote globalisation.