Globalisationict And Nepal

Globalization is the most talked and debated issue in the contemporary world. It is a concept that escapes precise definition. In most cases, it is described rather than defined. However, it does not mean the same thing for all. For some, globalisation is a process of opening up economies so that trade between countries could take place freely. For them increasing globalisation has helped the expansion of opportunities for nations and benefited workers in rich and poor countries alike. Brings positive benefits for consumers, helping to increase choice, drive down prices, improve services and create new jobs and opportunities. Globalisation can therefore be seen as a positive force for change that has the potential to raise living standards and drive economies forward. However, this is not readily acceptable for all. Because some of  think globalization as the concerted strategy of the industrial world, particularly of the Multinational Corporations, to safeguard their interest and spur a new form of colonization. After opening of our market, our country will become a supermarket of foreign goods, which are cheaper, killing our local industries, increasing many more jobless. For them, globalization means increasing poverty and deteriorating living standard of the workers, poor people becomes poorer and rich people becomes richer, widening disparity between the rich and the poor within the country and also among the countries, and internationalization of capital to the detriment of labor market. Even for the moderates, globalization is a process of restructuring the world economy to find ways for business to maximize profits.
The IMF, the World Bank and the WTO and more generally, the high income countries are held responsible for influencing and largely determining the course of the globalization process. They are also seen as the driving forces behind the policy reforms that the developing countries had to implement as part of their structural adjustment programs under the supervision of the IMF, the World Bank .