Globalization is very important in international relations. Basically, it is a process of expanding trade and commerce all over the world by creating a borderless market. But it has a far-reaching effect on many aspects of life. With the development of hightech communication media and rapid transportation facilities, the world has come closer. We can now learn instantly what is happening in the farthest corner of the world and travel to any country in the shortest possible time. Countries in the world are like the families in a village. They can even share their joys and sorrows like next door neighbours. If one country is in distress, others can immediately come to its assistance. But taking advantages of the idea of globalization, capitalism seems to be on the triumphant march. It is creating more opportunities for capitalist countries rather than for the developing ones. In the name of help and cooperation, the industrially developed capitalist countries are exploiting the cheap labour available in poorer countries. The global strategy of development promises greater employment opportunities to the people of poor countries but at the same time in also promises high returns to capital. Computer, fax, e-mail, internet, satellite is the new addition of globalization. Computers have thus brought about a revolutionary change in today’s world. If we could build up an atmosphere of mutual understanding and cooperation through the globalization process, our world could certainly be better a place to live in.