Peace has been one of the most desired necessities of human life since time immemorial. Since the advent of organized society human beings have strived for it, and are even more united today in their quest for peace, harmony and a better quality of life. A strong need is being felt by educationists, philosophers, scientists and political leaders to rejuvenate the human values, which may bring long lasting peace on this planet. Peace; however is an elusive concept having different interpretations in different cultures as well as different connotations for the spheres in which peaceful processes are applied. It ranges from inner pace to outer peace. Consequently, the interpretation of peace ranges from absence of war, and society without structural violence to liberation from exploitation and injustice of any kind, ecological balance and conservation and peace of mind, etc. Education for peace therefore includes a variety of issues like human rights education, environmental education, international education, conflict resolution education and development education, etc. Peace education is a remedial measure to protect children from falling into the ways of violence in society. The factors include are technological innovation, Transportation, Consumer tastes have changed, and consumers are more willing to try foreign products, Emerging markets in developing countries. Peace education is educational response to the problem of human violence aiming to protect children's minds from being imbued by violence in the society thus preparing them for building a peaceful world by empowering them with necessary knowledge, attitudes, and skills. This paper includes the importance of peace education, relevant factors and issues of globalization and innovative teaching styles in teaching learning process.