Globalization is very important in international relations. Basically it is a process of expanding trade and commerce all over the world by creating a border less market. But it has a far reaching effect on many aspects of life. With the development of high tech communication media and rapid transportation facilities, the world had come closer. We can now learn instantly what is happening in the farthest corner of the world and travel to any country in the shortest possible time, Countries in the world are like the families in a village. They can even share immediately come to its assistance. But taking advantages of the idea of globalization, capitalism seems to be on triumphant march. It is creating more opportunity for capitalist countries rather than for the developing ones. In the name of help and cooperation, the industrially developed capitalist countries are exploiting the cheap labor available in poorer countries.