2.Information technology: this refers to the internet excess, dish, cables, news papers, fax etc. Now no state can live in isolation due to the media advancement with the help of information revolution. This information technology is also essential for market economy. In market economy the back of openness and free flow of information increased inequality. To be both income poor and information poor dramatically reduces possibilities for development, for individuals social groups and nations.

3.Economy: Restrictions on information distorts markets and lead market failure. Coming back to the core issue, I must support the school of thought that says that globalization is not for the poor. It is for the rich. In fact the free-market economy regime has evolved such a wide-ranging mechanism that can virtually decide who should export. The developed countries, by which by and large have ruled many of the developing countries inherited long history of providing various subsidies, tariff-barriers and other protective measures for their products, -----may they be agrarian or industrial. Such measures not only harmed the world economy, they had a widespread negative impact on domestic markets of many countries during the age of imperialism. [2]
This was not favored since centuries ago and now it is being advocated by either the developed world or the WTO itself. For this very reason, the developing countries protested against the emerging disparities between the developing and developed countries and the free trade had to be regulated. For this reason the WTO general council meeting was held in May 2000 but practically we see no progress. Due to the fall out of the Uruguay Round agreements, the developing worlds trading had received a heavy set back. The trade items failed to have any mobility in international market are mainly textile and agricultural sectors.
So this was how the free trade system captured the third world countries and made them aloof. The developed countries in the name of IMF, WORLD BANK and MNCs help the underdeveloped, give them assistance, set their companies and business. They give us loans and take 50% interest over it. They introduce business in the third world countries and the third world think they are getting benefit and the first world is helping them. In fact this is the fantasy that the first world takes us into. We realize the fact that we loose more when the time gets over and we have no other option left other then paying heavy loans and more interests upon them. Why don’t we think upon this rationally? We don’t realize that the market system has made the rich states more interests base; they in the name of humanitarian and social assistance, MNCs grab our resources. They buy our raw material in very cheep prices and sell them to us in finished products in such a heavy price that we cannot even afford. They have advanced technology and a proper structure. Actually they set their business, MNCs in the areas of their interests, from where they think they can benefit more, extract more, and psychologically they feel happy and satisfied by making the weak weaker and get richer from their resources. In a way we become handicap. For instance, they introduced companies like KFC, MC DONNALDS, PIZZA HUT, CALTEX, and SHELL, which are providing job, but for a certain class, and we are getting away from our own companies they are barren now. We hardly go for our traditional foods cause of the impact of western culture and the country has to pay heavy bills and taxes. So the gap between rich and poor is widening. The modern scientific technology not only leaves negative repercussions, but also are positive impacts. Like fax, Internet excess media etc but I would say this is more likely used to propagate the ideas and culture of west. For instance, we hardly see any authentic Muslim news channel on the television. There is BBC London, CNN America etc.
Taking the case of South Asia, Pakistan and India have now acquired nuclear technology. They justify themselves by saying this is important for security perspective. But what about the other important fields which are insecure due to the less concentration of both the ruling establishments. There are of course areas other then military security, which needs more attention and constructive policies. Like:

1. Environmental Security: Concerned with ecological balances as it affects human life.

2.Political Security: Concerned largely political decentralization and a system of governance that ensures maximum participation as a mean of revitalizing the social contract between peoples and states.

3.Economic Security: Concerned primarily with the livelihoods; and at the state and regional level, with issues of trade, production and economic regimes as they are related to people’s life.

4.Human Security: This would include taking responsibility for developing human skills and helping people achieve their full potential. It would also imply freedom from poverty, starvation and access to shelter to education, health facilities etc.

5.Social Security: This extends to safety networks, which exists at all levels of society with emphasis on the one that are extended by the state to marginalized population.

What places will the underdeveloped have in this kind of trade system if their economic systems are not sound? This tends to weaken the third world more as they are restricted to participate in international market according to their own will. Further more, global trade and movement of capital depend largely upon the countries policies and stability of the government.
“The average income in the richest 20 countries is 37 times the average in the poorest 20. So a gap has doubled in the past 40 years and the experience of different parts of the world has been diverse”. So here we see that the growing intensity of the modern technology is increasing the gap between the information rich and the information poor. The rich are already far ahead of the poor on the I.T highway. About every six months, the rich acquire a new improvement in information technology while we are still slow.
Conclusion:
The momentum that advanced technology has gained in the era of globalization is running very fast. This is not an achievement of a few years; it took centuries for being in such a position. Through the process of evolution science got this advancement and prestige. There was a time of Stone Age, every one moved according to that time but slowly and gradually science got advanced and is reaching the peak of modernization. Now we call it is I.T age that’s really a great achievement for science itself. No state can live in isolation in this era of globalization and modern technology. Either we want or not, we have to participate in this race. It is the necessity of today’s world. The powerful are creating their hegemony and monopoly. They are dominating the weaker states. The above discussion is enough to conclude where do the underdeveloped countries stand in the era of modern technology and globalization. So it is very right to say that: “globalization is a blessing for the information and income rich and a curse for the information and economic poor.