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• As more money is poured into developing countries, there is a greater chance for the people in those countries to economically succeed and increase their standard of living.

• Global competition encourages creativity and innovation and keeps prices for commodities/services in check.

• Developing countries are able to reap the benefits of current technology without undergoing many of the growing pains associated with development of these technologies.

• Governments are able to better work together towards common goals now that there is an advantage in cooperation, an improved ability to interact and coordinate, and a global awareness of issues.

• There is a greater access to foreign culture in the form of movies, music, food, clothing, and more. In short, the world has more choices.

Economy:

In most of the developing countries, the economic policies had not been yielding good results, especially for the poorer sections. The gap between the rich and the poor had constantly been on the rise. Due to lack of competition, the big business houses had been selling average products at high prices.

In other words, the consumers were not getting the best products available in other countries at much cheaper prices. The monopoly of the internal big industrialists and business houses was not meant for any special benefits to the common people. This can be illustrated by the example of the television industry in India.

Politics, Society and Culture :

The debate over the desirability or otherwise of fixing parameters of developed socio-cultural systems, is an everlasting one. One set of scholars has been coming up "Ideal Types' or the systems having the most desirable socio-political and cultural traits. These scholars suggest that all the societies should make conscious efforts to acquire the traits of the 'ideal' system. They also suggest that the pre-modern traits should be shed-off.

On the other hand, there are scholars who argue that every society and every culture has its virtues, and that, "ideal types" should not be imposed upon. They advocate for the right of every group to preserve its own socio-cultural and political characteristics.

In short, even though scholars may disagree on "Ideal Types", they all agree on the desirability of equality and justice becoming the basis of any socio- cultural and political system.

Education :

Eduction provides knowledge and prepares people to adjust to, or if necessary, mould the environment in which he/she lives. Globalisation will help in making the obsolete education systems up-to-date. Knowledge of the latest events, technologies, facts, developments, discoveries and human endeavours is essential

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