Rural Development

Globalization is a worldwide phenomenon and has become quite a fashionable term among political economist, planners, development practitioners, media persons, which generally means the free flow of ideas, information, goods and services. It is generally referred as the international flow of trade and capital, growing integration of economics and societies around the world through free movements of goods, services, people, and information across boundaries. It has both descriptive and prescriptive interpretation. It refers to widening and deepening of international flow of trade capital and technology, ideology, culture and information within a single and integrated market and also involves the liberalization of national and global markets in the belief that free flow of trade, capital and technology, and information would produce box outcome of growth and human welfare.

 Importance of globalization for rural development

            The important of globalization is high other countries because of its small country. Nepal can make attempts to minimize the negative impacts of globalization, increase its capability to cope with the changing regional and international environment.

The factors responsible for global economic boom during the 1990’s include growing economic interdependence, technological revolution and low transport costs, globalization, increasing gross national product, changing structure of world economy, increasing global trade, increasing foreign direct investment, foreign aid, increasing subsidies and current transfers. However globalization in today’s world is relevant to the Nepali context and has contributed much positive impact on rural development of Nepal. The Nepalese rural areas have taken better advantage of the process of globalization in a number of ways. Importance of globalization for rural development in Nepal listed below.

ü  It attempts to widen or broaden individual attitudes for rural people.

ü  It encourages through competition and consumer satisfaction encourages access to global markets, increase in investment and improvement in quality of products influence on performances in the rural sector.

ü  Cope with the changing regional and international environment for rural development in Nepal.

ü  Rural population have become conscious about their human rights including their right to development and right to protect their own clean and beautiful environment and protect rural natural resources through the globalization.

At last

From the above discussion, the conclusion is drawn that, the process of liberalization, privatization, and globalization are very important for the development of the rural area of Nepal. By the help of liberalization, privatization and globalization the development process of rural area is very high. As a developing country the economic condition of Nepal is very worst but through this process that condition may decrease. Not only for rural/village areas also for the whole nation the necessity of liberalization, privatization, and globalization is very high.