Impact Of Globalization On Economic Growth And Development

There are many things which is happening in our country Nepal. The effect of globalization in our cultures and tradition is one of the major concern in the society. As we all know that, â€Å"Globalization is the process where products, capital market, economic and cultures are inter-related in the global world.† As Nepal is border North side by China, the world most developed countries and the other three sides i.e., west, east and south by India, which is also the one of the fastest developing countries. The globalization has had some positive effects on economic growth and development but it has also some negative effect on language, cultures, pollution and socio economic changes in Nepal because of the developing neighboring countries. First of all, Tourism is one of the major factor for the changes in Nepal cultures and tradition. Globalization has also leads socio-economic changes in Nepal. In the view of geographical region of Nepal only certain places of tourist area of Nepal have been affected by the globalization like Pokhara (Gandaki), Everest (Solukhumbhu), Lumbini (Kaski).And in place of Kathmandu which is the capital of Nepal lots of peoples are familiar with foreign cultures more than their owns culture. People living in tourist area in Nepal are more attached with foreign lifestyles. 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