Globalization will open the avenues of dialogue and understanding. The benefits of globalization are obvious in the recent tremendous economic success of china. Taking advantages of globalization , china is having unprecedented economic growth. The poor third world countries will have to face the competition from the developed rich powerful countries. 

The developed countries have huge capital , long established efficiency, reputation. On the other hand the investors of the third world countries have little capital, having no efficiency at all . so the capitalists are taking more advantages of globalization than the poor third world countries.