Effect of Globalization on Our Society

Management

The term ‘globalization’ means combination of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. Globalization is described by theorists as the process through which societies and economies are integrated through cross border flows of ideas, communication, technology, capital, people, finance, goods, services and information. There is no denying of the fact that globalization has brought cheers to people’s life by opening new vistas of employment. It has also made inroads in the cultural heritage of our country. Due to economic liberalization and globalization, the world has become a “global village”. There is increasing interaction between people of different countries. As a result, food habits, dress habits, lifestyle and views are being internationalized. Globalization has a huge impact on cultural, social, monetary, political, and communal life of countries. It powerfully influences the social partners' attitudes since traditional labour relations have to cope with completely new and very dynamic situations. Globalization is process of nation prosperity and progress as per the current trend. Globalization is a series of social, economic, technological, cultural, and political changes occur in all the stages of society. There has been both positive and negative impact of globalization on social and cultural values in India. Every step of movement towards economic, political and cultural modernization, taken by the state in India, is responded to by the people with an enhanced sense of self-consciousness and awareness of identity. Cultural modernization, sponsored by the forces of globalization, is resented if it encroaches upon or does not promote the core cultural values of society, its language, social practices and styles of life.

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