Modern technology and globalization are inseparably related. Globalization is based on strong technological foundation. Globalization is the free flow of goods, information, news and views. It has opened up the geographical political barrier among the nations of the world. Though globalization mainly opens us  business to all , it has a far reaching effect on many others aspects of life.

 

 Globalization removes the misunderstanding and misgivings among the nations of the world. Globalization is serving the purpose of the rich capitalist countries of the world by expanding trade and commerce all over the world by creating a borderless market. Though the third world countries welcome globalization in the hope of getting equal opportunities , in fact the developed capitalist countries are getting the upper hand of the poorer countries. In one hand  globalization has created immense  opportunities . On the other hand, it has given rise to unequal competition for us.