Globalization is, basically, a process of growing trade and commerce all over the world by creating a border less market. However, it is creating more opportunities for capitalist countries rather than for the developing ones. Similarly, in our modern day and age it has become a part of every country’s structure. Again, it is the international exchanges of technology, economy, culture, and politics which have increased over the past few years due to ease of communication and transportation. There are many advantages as well as disadvantages for globalization. With the development of hi-tech communication media and rapid transportation facilities the world has come closer. We can share our joys and sorrows like next door neighbors. Globalization also brings all types of different customs and behavior into our homes through satellite television channels and the Internet. Now, we can enrich our local culture through constant interaction of different cultures. In contrary, In the name of help and co-operation the industrially developed capitalist countries are misusing the cheap labor available in poor countries. This is the common fear about the adverse effects of globalization in the countries like ours. In spite of some disadvantages it makes the world very closer and makes it a global village.