Positive Impact -A better economy-it introduces rapid developmentof the capital market Introducing new technologies- the new technologies and progressin mobiles etcareall results of introductionofsatellites, telecommunication, globalization. The new scientific research patternsareall results of globalization. -Living standards are risen. introduces better trade. This is because more people are Globalization employed. This increases productivity. Apart from economical aspect, globalization has also broughtan impact on political and cultural domain. -culturally speaking, globalization has brought in different ideologies. and thought process amongst people. Politically speaking onset of western democratic system hasan impact on politics.