Globalization safe? Why are we facing the financial crises then? It has never been safe for developing nations. Only the developed nations have been benefited due to globalization. Globalization has widened the gap between rich and poor. It has resulted in monopoly of trance national companies only.

We can’t deny the importance of globalization in lifting up the living standards of people. The developing nations are enjoying the technology only due to globalization. Moreover there is no alternate to capitalism and globalization. Even the communist China has opened it’s market for global market players.