The term 'globalization' primarily refers to economic activities like trade and the movement of capital, goods and labour across boundaries, facilitating higher levels of interconnectedness in the world. These economic activities have a greater impact on the socio-political sectors nationally and internationally. The increasing strong presence of non-state actors like MNCs, NGOs and IGOs has questioned the supremacy of state sovereignty. The rich states are benefited due to their superior control over the flow of capital, technology and the communication system. A profit-oriented global market can never think of the benefit of all the people of the world. The North-South divide has not been obliterated.