The question of globalization has become one of the most potent subjects of concern for the contemporary social scientists. Globalization has been made possible largely due to the advent of information technologies and the creation of Information Super Highway. The world is really becoming a cosmic village and the reality is also being replaced by virtual reality. So, it is only natural that the phenomena of globalization apart from having impact on world cultures will also affect the socio-economic and the trading pattern of societies. It is widely accepted that the greater part of our social life is largely determined by the processes of globalization in which national cultures, national borders, national economics and politics are getting integrated with the global system.' The late 1980s and early 1990s, which marked the beginning of the end of the East-West conflict, the break-up of the Soviet Union and the collapse of communism made a triumph to a new era of globalization. The pivotal to this perception is the notion of increasing interaction of domestic economics with the global ecosystem in which domestic strategies of national economic policies are becoming inappropriate. The world economy refers to the geographic spread of economic activity across the national boundaries. Thus, the globalization transformied internationally dispersed socio- politico-economic activities into an integrated one. On the other hand, global integration is reflected on the growing share of international relations and the international political economy dominated by transnational corporations who owe allegiance to no nation-state but to the world market forces. This paper presents an overview of 'globalization and its resultant effects on national economy, politics, society and family in a developing country like Bangladesh keeping in mind that the impact of globalization has brought about positive as well