Globalization NOW!

The post World war II globalization has usually been a work of businessmen, economists and politicians. These groups recognized the cost of protectionism and declining global economic integration. The work of these groups collectively lead to the Bretton Woods Conference and the formation of many institutions which would oversee the process of globalization, work for the growth of economies of the world as well as the crisis situation of the world. Some of these institutions are the World Bank, International Monitory Fund. It also resulted in agreements such as GATT (General Agreement on Trade and Tariff ) which was a combination of agreements to wash restrictions and make way for free trade. This was done through removal or reduction of tariffs, capital controls, transportation costs, subsidies for local businesses, creations of free trade zones and through the mechanism of patents and intellectual rights.
The most visible manifestations of globalization can be measured in three terms which are economic, social and political. Economic manifestations are the movements of goods and services from one nation to another by multinationals, mobility of global workforce, Technology and capital across nations. The social manifestation could be seen in the cultural globalization where western style, thoughts and ideas threatened the indigenous culture, diversity and sub cultures while at the same western lifestyles of clothing, food habits, education system language preferences and so on were adopted across the world. The political globalization is easily seen in the way nations like the USA and Europe influenced the local policies, issues and national programs of developing nations. Recent war on terror after 9/11 is another manifestation of political globalization as it affected the foreign and economic policies, markets and global alliance-interests amongst the nations of the world. It also globally affected the price of basic commodities such oil and gas across the world.
The effects of modern globalization were multi fold and multi dimensional. Its affects were industrial, economic, financial, informational, political, linguistic, social, legal and ethical. No aspect of human life across the world is left unaffected by globalization. While these effects produced many advantages like easy access to information, low technology and cheap products and services, it also produced many evils. Some of which, like loss of local diversity, individuality, and uniqueness of local culture and sub- culture, environmental degradation, pollution, death or extinction of many species of flora and fauna, besides others, are more visible and measurable while other evils remain hidden and under the shadow of the advantages.
One of these evils is the emergence of slavery which globalization creates, facilitates and nurtures.