A Faculty Development Program titled “ Changing Face of Globalization” was conducted by Dr. R. K. Arya, Professor and HOD in the Business Studies on 31.12.2016. He spoke at length on the virtues of the globalization and how the business had advanced with the tenets of globalization. But the financial crisis in 2008 has subverted the economic growth across the globe. He cited that there must be serious fundamental flaws like polarization of productivity. Nonetheless there has been significant improvement in income across the globe. The western countries have been badly hit during the last two decades. Perhaps it was due to poor regulations and lavish spending. At the end these countries are not left with any fire power to revoke the economy. Therefore, all tall leaders in UK, Europe and US are talking about the deglobalization and protectionism as is evident from Brexit and Trump taking over the rein of the US. Earlier Climate Change has also been agreed by them. In case the deglobalization takes place climate effect would be so serious. There is complete uncertainty as how the things will take shape but till then wait and watch shall be best principle.