Globalization has become a buzzword in the present age. Its aim is to expand trade and commerce all over the world. But it has other aspects too. It has brought the world closer to rapid transport facilities. Now the countries of the world are like families in a village. We can share our joys and sorrows like next-door neighbours. Any type of help is given to a distressed country. But it is creating more opportunities for developed countries. Our cheap labour is being exploited by the developed countries. The workers of developing countries cannot match with powerful capitalism. They are travelling in the third class decks. They are being deprived of all basic rights. Thus globalization is making the gap between wealth and poverty. So, globalization has become a curse for poor countries like ours. It is a benediction only for the developed countries.