Globalization is process of expanding trade and commerce all over the world by creating a frontier-less market. Although globalization is an economical process but it has many social and cultural aspects in our daily life. For example, I am using a nokia cell phone that was designed in Finland and assembled in China. I am writing this assignment by using a HP laptop that was also assembled in China and designed by USA, and this laptop runs by “Windows 7” operating system – which is a product of famous US software company “Microsoft”.
I also use Qubee Broadband of Augere Wireless Limited that is owned by a multinational company of United Kingdom. I have a Nikon DSLR camera that was designed in Japan and assembled in China from components made in Japan, Germany, China and Malaysia. I am dependant on several products such as Head and Shoulder (Procter and Gamble-USA), Dove (Unilever-England and Netherland), Tang (Kraft Foods-USA), Pepsi (USA) etc.
All these products in my hand is a result of process of globalization.
KFC and Pizza Hut are two US based restaurant chain that become popular in our country. Globalization has been associated with a range of cultural consequences. Globalization is increasingly exposing people to different ways of thinking. We know instantly what is happening on other part of the world through satellite channel. Cultural effects of globalization have seen in lifestyle of urban people, selection of apparel, consumption of food and celebration of different festivals or occasions that are not associated with our culture.
I celebrate friendship day, watch Hollywood movie and become a fast food lover, which are clearly cultural impacts of globalization. Through the process of globalization the economic interdependence has been increasing day by day. Now Bangladeshi women are the major contributors in national export earnings. In Bangladesh, 77 per cent of the foreign earnings come from the Ready Made Garment (RMG) sector and around 80 per cent of the workers in this sector are women. Last year my uncle brought a Reebok jacket from Malaysia that is labeled as “Made in Bangladesh”. Although economic development is the primary objective of globalization but it also bring many changes in our social and cultural life.