Education is fundamental issue for development. It is an integrated part of modernization process. Modern knowledge is articulated with the idea of global education. Globalization has definitely influenced on education system in different countries. It is also a key instrument of development. To achieve the target of Millennium Development Goals (MDGs) it is obviously important that right to education should be ensured from the elementary level of every country like Bangladesh.

The globalization process has greatly influenced on the educational system of Bangladesh which is largely considered as an outcome of modernization process. However, the country poses multi-structural educational system in the lower level. More specifically, the primary level of education of the country has a different character which is regarded as foundation of educational structure. As the notion of globalization has great significant in educational modernization, therefore, the main objective of this paper is to explicitly discuss the impact of globalization on primary education in Bangladesh from point of view of modernization theory.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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