Abstract
"First globalization" is a phrase used by economists to describe the world's first major period of globalization of trade and finance, which took place between 1870 and 1914. The "second globalization" began in 1944 and ended in 1971. This led to the third ERA of globalization, which began in 1989 and continues today. Globalization has benefitted western countries like US, France, UK, Germany and Asian countries namely Japan, South Korea, Taiwan, Malaysia, Singapore, Hong Kong, Thailand, and China. All over the world it has given mixed benefits to the people. For the educated, skilled, urbanites it has given many benefits. The people who are placed in the upper strata of society are chief beneficiaries of globalization. On the other hand the disadvantaged sections of Indian society comprising of SCs, STs, minorities, poor, unskilled labors are the losers of benefits of globalization. The present paper examines the impact of globalization on marginal communities of India.
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