Globalization Towards the Improvement of Our World

Globalization describes a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade.
Diffusion is the process by which a culture item spreads from group to group or society to society.
Impact of globalization and diffusion on world society:
Since the mid-twentieth century globalization has become a buzzword to talk about
societies, and is defined as a way of integrating worldwide government policies, cultures, societies, social movements, financial markets through trade and exchange of ideas. The process of globalization has been accelerated by modern means of communication and transportation, and gives the image that the world is unified globally. The evidence suggests that in the past century more advances have been seen in global prosperity and more people lifted out of poverty than in all human history. There are many reasons for this achievement, but globalization has played an important catalytic role. World poverty has fallen dramatically in the past 30 years. For example, since 1970’s the development in China and India has played a significant role in reduction of the world poverty. However, economic growth is not balanced across the globe. Some countries have witnessed tremendous growth and others have fallen in poverty. For example the Sub-Saharan Africa requires greater focus to deal with poverty. The present uneven economic growth trend has widened the gap between developed and developing countries. According to economic forecasts if the current pattern of uneven economic growth continues, the poorest countries of the world will grow even poorer while the richest countries will become even richer.
Impact of globalization and diffusion in Bangladesh:
Globalization is described as a process of (i) ‘expansion of free trade’ (ii) ‘deeper
integration of all economies of the world’ (iii) ‘more communication amongst
different regions’ (iv) ‘faster diffusion...