Although the word ‘Globalization’ has become a buzzword in recent times, the concept implied by the term is not very clear to everybody. It seems that Globalization is a term that has a meaning with at least three layers: Firstly, it refers to more extended economic relationships between all the countries of the world.
Secondly, it implies less narrowing of the boundaries of cultures and a movement toward the amalgamation or interchange of rituals, concepts, and ideas among cultures. Thirdly, it suggests the friendly interchange of manpower.
Although the term seems to be and has been regarded as new, the concept that God has said that He could create us all as one nation or one ethnic group. But instead of doing it, he divided us into colours, nations, cultures, and language groups so that we might know each other from a unified plane of view and of reality. Globalization is the result of an effort of realizing this universal idea contained in the human mind. So sometimes it may refer to a borderless world and Also it’s going to discuss with a multicultural village and sometimes it’s going to ask a large global family where over six billion people live together.
Consequences of Globalization: At the first sight consideration, globalization, may appear to be a tool in the hands of the developed countries to exploit the wealth and manpower of the underdeveloped and the developing countries. And in some cases, this allegation has proved true and it is also theoretically valid to some extent. But scholars have put forward the opinion that in the long term globalization will do good to all types of economies. Because globalization nurtures and ensures a free global economy, people of all societies and of all economic stands can be benefited from it. In the sphere of communication, globalization tends to connect the whole world into a continuous, unbroken system. And that it already has. This, however, may have some adverse effects on developing countries and to conservative cultures. But if every country or nation or culture or group of people can maintain their identity very tactfully and in a friendly way at the same time, then in the long run they will perhaps come to no harm. In the sphere of organization, globalization tends to the amalgamation of national companies into multinational and global ones and the blend of different management systems. In the sphere of trade, it results in the free movement of goods and services from country to country. In the sphere of ecology, globalization has contributed a lot to the existing ideas and theories of preserving the globe. Because now the whole world can put a single-pointed effort with a special purpose in many important cases, it will be very easy for us to prevent environmental pollution and to preserve ecological balance worldwide. Perhaps the most far—reaching implication of globalization is that it has changed our way of thinking and broadened the gamut of our consciousness. Now most of us have learned how to identify ourselves as members of the whole world rather than of a very small nation. So, all these developments and improvements will surely lead to evolution into another more civilized humanity. But because globalization creates a lot of opportunities and power, it can be and is expected to be used by some people against some others. For example, at the beginning of the game, many poor countries like the World will have to suffer many consequences of globalization. To be more specific, we will have to export some things that we need more, and paradoxically we will have to import some things that we do not need at all. This unfair exchange, or better say untimely exchange. may cause a national imbalance in the short term and result in various economic, political, and social problems. The second major impact of globalization will perhaps be on our culture. Ours may be a culture that is a blend of varied tenets of faith, tradition, and regional tendencies. The surge of globalization is pouching the western unformatted culture into our society and disturbing the balance of our mentality and psychology. Some people are leaping forward to stay up with the Western culture while some others are defending their own cultures against the western ones. This cultural conflict has already started in the country. This tension, when polarised, leads to ideological conflicts that find their expression in the worst possible form of fundamentalism. Therefore, if we want to reap the benefits of globalization and also save ourselves from its harms, then we must keep our eyes open and act wisely. Globalization will have another major impact on our family structure. As we all know, the structure of families in a society depends on ideologies, religious tendencies, views, educational backgrounds, economic strength, and personal states of the people. Globalization is influencing almost all these factors related to the mind as well as society. Thus, it is telling on the traditional format of our thoughts and views of the structure of kinship in society.
Information Technology, abbreviated as IT, refers to the technology, science, and devices related to the collection, processing, management, and transfer of information worldwide using the computer, especially in a global system. It includes the computer, the Internet, the worldwide telephone network, the satellites related to IT activities, and the related branches of knowledge providing workable models.
We are living in the age of Globalization. Now the whole world can be considered a single village or rather a family, of which the countries are different members cooperating and competing with one another. Now trade and commerce have transcended all narrow boundaries of nations. Macroeconomics has experienced a drastic change in its theories and approaches. Theories and practices of management have become more holistic and culture—sensitive. The whole edifice of civilization is therefore centering around the efficient use of information. The availability of information which is a precondition for the perfect competition must be ensured to ensure quality, ethics, survival, and progress. Therefore the importance of IT can hardly be overstated. Truly speaking, IT, in a sense, has become the central nervous system of the world economy. We cannot imagine an hour of efficient activities and fruitful decision-making without the IT facilities in this age of industrialization.
Thanks to the development of science, IT has become a well—developed body of knowledge. Now almost all universities of the world, including the ones established in the World, are offering well-planned courses on IT. A very special and functional branch of this field is the Management Information System, abbreviated as MIS. Needless to say, this branch of science has become part and parcel of modern management and organizational administration. Nobody knows to what high an apex IT will soar in the future. Therefore, a precondition for surviving in today’s world is to keep pace with all the latest developments of IT.
Conclusion: Globalization is an unavoidable consequence of human development. We can never stop it, nor should we seek ways to do so. Rather, we should try our best to keep pace with the progress of the world and at the same time to maintain our own identity. After all, if we suffer from the destructive disease of identity crisis then we can never prosper. And we can never stand beside others. This is because if we are not like ourselves, then others will not value us in any way.