Is Globalization Really Necessary?

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Ivan said: (Thu, Aug 28, 2014 08:45:37 PM)    
Yes globalisation is necessary and not only for developing country like india, brazil but also for the developed world like USA, European country. Because 21st century is all about best in technology, best in infrastructure, best in skills. And every country has expertise in their field. Like India is global power in terms of it and consultancy, china is in electronics goods, america, russia are global power in arms manufacturing even the small country like bangladesh has experts in textile and he ranks 3rd in this field. So in 21st century when we have scarcity of resources we have to move in collaborative manner so that we can all achieve success.

Developing country should given more focus on globalisation at the same time developed country would move in some liberal manner so that not only commercial product or company become global, but at the same time through transfer of technology developing country should be more robust so that they can compete with their counterparts.

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H. Thangchinlun said: (Mon, May 26, 2014 11:41:21 PM)    
Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. Advances in transportation and telecommunications infrastructure, including the rise of the telegraph and its posterity the Internet, are major factors in globalization, generating further interdependence of economic and cultural activities. Globalization helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.

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Aviral Shukla said: (Wed, Apr 23, 2014 09:29:21 AM)    
First of all thanks to INDIABIX,

Firstly I would like to say that when the almighty God created the world, there were no boundaries, these are we who created the borders among nations. Now, we want to be globalized. Globalization is very good for developing nations like India. Since, somewhere Indian companies lack in top quality mindset eg. Nobody likes to buy a supriya shampoo, if he has the option to buy Dove. So, due to globalization, there would be a benchmark for companies, they will be dying to compete with foreign companies, all in all, customer benefits from this, It provides advanced health care services, Reduced prices, Better job opportunities, lots of variety of products etc. But, there should also be some set of guidelines and mandatory norms for globalisation set up by Government that globalization should not affect nation's culture, values, class etc. If it is followed, It would be very helpful for every developing country. Thank you!

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Gopi said: (Mon, Apr 21, 2014 07:07:16 AM)    
Hi Friends,

According to me globalization is the process of sharing or interchanging different things like knowledge, views, services, technologies etc in between the countries across the world. While this interchanging process lot of chances for countries (which are undeveloped or we can say which are developing) becomes developed countries. There is nothing is wrong when we will make connections to other countries this aspects. India also taking help from other countries while making and launching rockets and different aspects and also we are giving our knowledge to other countries in different aspects.

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Surabhi said: (Sat, Apr 12, 2014 02:59:10 AM)    

This is SURABHI.

According to me, Globalisation should be promoted in a controlled manner. It includes the sharing of thoughts, ideas, technology, culture, trade, etc. Among different countries. By this, developing countries like INDIA is benefited resulting in increase employment, motivation toward education, growth in economy, better standard of living, etc. But it has disadvantages too. Brain drain, foreign monopoly, high competition hence globalisation should promoted in a limited way.

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Tony Doso said: (Sat, Apr 5, 2014 01:53:04 AM)    
I see globalization the same thing as we have between neighbors in our apartments and houses, but in a much bigger scale! Globalization is (at least for me) a healthy share of our things with ours neighbors in the world. The only question I have left is if it has been taken too much as a competition, and at the end, the resources are limited.

So it could be becoming a war between hypocrites neighbors which all desire at all costs to have more than everyone Where could it take us if we keep going at this rhythm? Globalization is amazing, but as all the things that are amazing it should be kept under control, manages the advantages, not waste them.

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Ellanti Kishore said: (Tue, Mar 18, 2014 03:55:31 PM)    
According to me globalization is the main process of development of a country like India, Ceylon, Nigeria, etc., globalization helps every individual in a country to attain high grades in a life, globalization provides country additional wealth. There should be a hand in hand co-operation for globalization, and it helps stand a country on his own legs, there will be no need to migrate to united states, Arab states to settle in life, now-a-days many Indians, are migrating to Arab, united states, because of their currency value in India, and we are working day and nights for that country and making that country wealthy, to prevent this our generation students should work for India, and this will help to develop Indian economy, by that rupee value increases, this will help a lot for next generation students in work in their mother country, and by this our children can study as "INDIA IS A DEVELOPED COUNTRY", this and all we can obtain by globalization only, so friends work hard for that.

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Scr said: (Tue, Mar 11, 2014 02:54:03 AM)    
Globalization plays very important role to improve every country because knowledge is not finite thing so we are all learners and adopt new things from other countries (which countries have more knowledge compared to ours) when globalization is formed. Based on globalization we form the competitiveness among countries.

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Gaurav Diwan said: (Sat, Mar 8, 2014 10:26:48 PM)    
Yes now its our moral duty to see India emerging its wings of wealth and knowledge to all over the world and this will only be possible with the help of globalisation.

Consider the situation when we have good amount of gross national production rate but of its use when we are not connected to the world market and not able to sale our product so its now a days mandatory to all developing nation to make world market to get developed and self sustain.

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Aditya Kumar said: (Wed, Mar 5, 2014 08:44:21 PM)    
Hi this is Aditya kumar I want to say that globalization is a most important part for develop the country because by this we can communicate to each other country and we know the modern technique and also we alert to different type of technology.

By this way we also get opportunity to improve myself because competition and technique is related to each other and get opportunity to improve.

All person know if there is something right then also should be wrong.

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Steffy Maria Jose said: (Wed, Mar 5, 2014 08:08:03 AM)    
Well, globalization has become an essential part of all the developing nations. For their economy to grow and able to compete at the international platform. Where culture is concerned, adapting or retaining is hardly related with globalization because to even retain that culture we need to be economically strong and widely accepted.

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Thanveer Ali said: (Thu, Feb 27, 2014 09:44:50 PM)    
Globalization is essential for our economy to develop. It transfer new technology, innovations etc. But it focus only on large scale industries and I think totally neglect small scale industries. We can say only that globalization helps to develop only if both sector are developed. It helps to reduce tariff rate and corporation with countries but it exploit human resources and natural resources and decrease demand on domestic products.

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Priyanka Arora said: (Thu, Feb 20, 2014 04:03:02 PM)    
Yes Globalization is very important for our economy. Because if our Indian Economy wants to grow more We need to deal with other countries as well. They provide us better technology which is very beneficial for our economy. And India is developing country so to make it developed country its really imp to deal with other countries in terms of export, imports etc.

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Khushboo said: (Sun, Feb 9, 2014 10:46:54 AM)    
According to my self. I believe that globalization should be done. Globalization means to sharing the ideas, technology, products, business and many more. That very important to the developing countries and as we know our India is developing country so its very beneficial to us to enhance our economic condition.

Globalization is a communication with the other countries if we have no communication to the other countries than we can't supposed to grow up because communication is the part to get learn something from the other who have good knowledge and ideas And we should always try to learn new thing whether we have good knowledge or we are capable but still we shouldn't proud on it an always try to learn.

So all of it globalization should be done. And other thing is that for live our life we want friends, relatives so we enjoy with them relish our life with them. Without them we feel aloof. Same as the nation for the nation globalization is the part of their life because of the globalization a country make their friends.

So according to my opinion globalization to be a part of every country.

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Shrikant Jadhav said: (Thu, Jan 30, 2014 12:00:10 PM)    
Hello everybody,

Globalisation according to me means to provide whatever needed for the development & wellbeing of the society from wherever it is bestly available. For example the farmer in India is in a need of latest technology in improving his farm, but if unfortunately that technology if it is not available in India then the idea of Globalisation comes into picture; now we have to provide the most latest technology to the farmer from wherever it is easily available in the world. If we focus on this aspect of globalization alone, then there will not be any effects of globalization. And the world can prosper at an rocketing rate.

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Ramesh Kumar said: (Mon, Jan 27, 2014 09:43:07 AM)    

Globalization is necessary to development of any country. Globalization mean sharing your ideas to others. But development country not sharing high technology, they are shearing only low technology. Then underdevelopment country decrease in GDP. Because low technology present country, other country investment in underdevelopment.

Profit only for development country not underdevelopment country.


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Sudhakar Anand said: (Sat, Jan 25, 2014 11:43:55 AM)    
In my point of view globalization is necessary for all countries because it will improve the economy of the country. Globalization is nothing but interaction between countries around the world. Globalization refers to processes of international integration arising from the interchange of world views, products and ideas. The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe then the increasing the interconnection of the different markets. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange.

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Racheal said: (Thu, Dec 26, 2013 04:22:34 PM)    

Globalization is inevitable. We are a mix of developed, developing and underdeveloped nations. A give and take is essential for the smooth functioning of the world thus globalization is a must. As human beings, we are part of the society, we cannot stay aloof, similarly as a nation, we are part of the world, Growth in isolation is impossible let alone difficult. Globalization sets foot for a competitive environment which challenges us to perform better, improve our standards and be recognized on the global front. Hence globalization is a win-win situation for everyone.

Thank you.

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Bharti Katre said: (Tue, Dec 17, 2013 07:09:28 PM)    
Yes, globalization is necessary, for an economy to grow our country. The huge amount of foreign direct investment boosted the Indian economy quite significantly. The disadvantages is that, globalization increased competition in the Indian market between the foreign companies and domestic company.

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Priyanka Chaturvedi said: (Wed, Dec 11, 2013 11:49:19 PM)    
Globalization in terms of economy is essential for India to achieve its predefined goals and fulfilling the job requirements till 2025. As it is giving the youth generation to use its potential in a better way in its own country through globalization, yes!but government of India must assure to restrict brain-drain and foreign monopoly in Indian market. For paving the Indian economy towards developed scenario, globalization is basic prerequisite.

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Pranali Nikhil Sohoni said: (Wed, Dec 4, 2013 11:14:30 PM)    
Globalization is the process of bringing world economies closer to one another. It encourages healthy competition for mutual benefit and promotes trade. This economic cooperation translates into social and cultural understanding and peaceful co-existence.

However, globalization has been criticized and condemned by those who are more concerned about the disadvantages.

The most visible disadvantage is the great gap between the rich and the poor. Globalization leads to greater disparity between the developed and developing countries.

Also, multinational companies enjoy many advantages. For example, they are able to get cheap labour, which is readily available in the developing countries, and make enormous profits.

Competition between foreign industries and indigenous industries is often so unequal that many indigenous industries are forced to shut down. The toy industry in India, for example, is facing such stiff competition from the Chinese toy industry that the market for Indian toys is fast disappearing.

There is also the fear that multinational companies will cause further damage to the environment in the developing countries.

The fears may be real but the fact is that globalization is here to stay. It has brought the world closer together and with understanding, cooperation and healthy competition, the vision of this one world may be realized some day.

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H Arika Hari said: (Tue, Nov 26, 2013 07:28:02 PM)    
Hello my dear friends.

My name is Harika and firstly I want to thank for giving me such an opportunity to speak about Globalization.

In my point of view Globalization is a great thing which some developing countries like INDIA must follow seriously. Globalization is nothing must interaction between the countries all around the world. It can easily resolve terrific problems like economy, fight for education, unemployment etc. The second most thing here is we Indians must feel proud that many foreigners comes to INDIA for their studies etc. This means that there is a thing called CONNECTIVITY is already flowing in INDIA. Not only this, due to globalization we are in a step forward today. If this continues long, there would be a well developed international market that is nothing but globalization occurs.

Sharing ideas, interaction, technology based communication. These are all the signs of development, right.

Who says no if there will be a great connecting world. We heart full welcomes globalization.

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Pooja Sharma said: (Tue, Nov 26, 2013 06:09:45 PM)    
Hello everybody.

According to me globalization is necessary for us because it help us to understand different techniques, education system, capital and ethics etc from different countries.

Globalization means exchange the ideas with other country of the world. It help us a lot because India still developing.

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R.K said: (Sun, Nov 17, 2013 02:13:27 PM)    
Hello friends,

In my point of view globalization is very important for all the country.

Globalization is a way to buy or sell the product in the international market which leads to increase the interaction between the people of different country that creates a long term relationship between them, so we define globalization as the interdependence and connectivity of the people throughout the world. Globalization is the way through which there is a share of ideas, goods, culture, political views, technology and many more throughout the world. It creates jobs, increases economy of the country and keep good relationship between the countries.

So finally I concluded that globalization is really necessary.

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Archita Dwivedi said: (Wed, Oct 30, 2013 06:47:20 PM)    
Good everyone everyone,

I am Archita and I would like to thank IndiaBix for giving me a chance of public group discussion.

Yes I do think that globalization is must for a developing as well as under developing countries. We cannot deny the fact that it is globalization which brings the various countries of the world on a single stage that is 'international market'. It helps us to combat the problem of unemployment which is a biggest challenge that we all are facing today. Moreover it gives us a chance to globalize our products, to compete in the international market, to exchange our ideas globally, improves the quality of education, improves the standard of living. It is just because of globalization that India has achieved so much in the fields technology, education etc,

Despite of advantages it has some advantages too like.

It causes 'BRAIN DRAIN' that is there is a chance of monopoly in the market by foreigners.

If government is putting strict rules and regulations on foreign companies globalisation is heartily welcomed.

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Rahul said: (Sun, Oct 27, 2013 10:53:51 AM)    
I think globalization is must in order to have equality. It helps us to understand the living standards of all so that we will improve living standards, if that is so every country gets benefited. There may be some problems in some cases but we have to look over its over all impact.

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Arpita said: (Mon, Oct 21, 2013 05:45:50 PM)    
Yes, guys globalization is very important for our country, its right that it is one of our strong cement to build a good and strong country but still it is not fully developed, but if there would not be a globalization might we are not able to live a standard live, so as per my point of view, it is necessary for our country as well as for us.

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Sri said: (Wed, Oct 9, 2013 10:27:05 PM)    
Ya globalisation is very essential and necessary because it has many advantages as employment, education, low price of product, GDP increase, etc. In the global level mainly for the developing countries. Though this has some disadvantages that because of globalisation the cultural and heritage of a place gets disturbed. So it is necessary to have globalisation without disturbing the culture.

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Neelu said: (Wed, Oct 9, 2013 04:23:14 PM)    
Globalization has started early 90's. But, actually it started its era when Britishers entered India. At time they entered, they began to share their ideas, introduce their culture in India. All these revolution in many fields now are ideas adopted from them. At that early periods itself we have bought many revolutions without any communication. Now with this technology we can create wonders by globalisation in a proper way with limits. If the britishers would not have came to India we would have been an undeveloped country rather than developing this all happened because of globalisation. So I strongly raise my voice towards globalisation.

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Rahul Kumar said: (Sun, Sep 22, 2013 10:10:50 AM)    
Hello friends,

Now India is coming on track of developed country only due to globalization become economically powerful due to foreign exports of Indian commodities, which brought foreign money. Level Indian farmers & manufacturers rises & they do commercial farming & get money only due to globalization.

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Reshma said: (Sun, Sep 15, 2013 08:04:01 PM)    
In my opinion Globalization is important for Indian economy. I think it is really good for any aspect of developing a country. Globalization means increasing the interdependence, connectivity, and integration on a global level, with respect to the social, cultural, political, technological, economic, and ecological levels. Globalization has helped in bringing about integrity and social understanding everywhere.

The opportunities for new markets has increased dramatically by globalization. The competition among different companies finds place at an international level. It becomes important for the companies to focus on quality goods and services, in order to have a strong foothold in the market.

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Chengappa M said: (Tue, Sep 3, 2013 07:46:49 PM)    
Globalization simply means connection between people across the world. Globalization helps the people across the world unite for jobs, for education and for trade. In today's world globalization is required for the development of the human race. Together the people of the world will work together for the betterment of the world. Globalization has helped the developing and the under-developed country a chance to have a better future; it has made communication, exchange of ideas and development across nations an easy task I feel yes globalization is necessary in today's world with the fact that each and every country gets to contribute and monopoly of a single company or a nation is not seen. There should be equal share of commodities and facilities so that no country is left behind.

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Shebin said: (Mon, Aug 26, 2013 08:17:31 PM)    
Globalization is a process of exchange, in which globe acts like a single simple village. The new developments in communication and transport increased its pace. Here cultural, social, economical, political, and environmental aspects are exchanging, and all aspects are competing for betterment.

Cultural aspects include language, religion, dressing, styles are exchanging world widely.

Social effect include migration, social view, eradication of social evils, spreading of social evils like terrorism, women empowerment and etc.

Economical aspects include world wide trade, market competition, . Results in freedom of customer, though economy may not be in favour to small producers.

Political aspects include spreading of political thoughts and ideas, . Even the current example of Arab uprising.

Environmental and science aspects include the transfer of technologies and the uninvited environmental problems.

We are live in a world where information is superior. So we cannot isolate ourselves from growing world. It will take as to the dark ages. The only option is use it for our betterment and use wisely.

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Ruchit said: (Sat, Aug 24, 2013 03:50:37 PM)    
We are a developing country and our aim is to be a developed country globalisation is a very good medium through which we can upgrade our economy if its done in a proper manner. Government should act on these things so that it can work in a balanced way. It provides the employment, reduced prices on goods, choosing the best goods that we want and a real competitive environment in this modern world.

I am agree with the fact that it can harm our economy in different ways if there will be dominance that is the reason why the prices of rupees is decreasing as compare to foreign money. But at the same time I wanted the country to adopt this to have a progressive environment.

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Sefal Khan said: (Tue, Aug 20, 2013 11:58:21 AM)    
I would like to correct some of my friend. True definition of globalization is nothing but, sharing your knowledge, innovation, thought, process. In a context of india, now a days, many of the foreign company are interested to invest in India through FDI or FII. Are they come over here to revive our nation? or are they willing to do some socio-economic-welfare to our country? Obviously NO. They came here because they find huge potential as well as profit in India. If they can find a huge potential than why can't we do this? Now, we have potential to establish our own economy on our own shoulder. We have to fueled strength to evolve from the grass root level. In case of wal-mart, they will actually transfer employment from mom's and pop's shop owner to the educated people. According to me, right not India would not be able to revive its economy through FDI or globalization.

In the matter of 1990, we survive because of the new IT industry comes into the society. But, in these days, whole world is under the crisis.

Now, in the context of world, we have made the lines among the country. It is always good to share your knowledge.

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Kaushalyadav said: (Tue, Aug 13, 2013 04:39:55 PM)    
In my opinion globalization is really important for a country because FDI AND FII Are integral part for booming the GDP of a country which is possible only due to globalization.

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Gaurav said: (Sat, Aug 3, 2013 04:24:01 PM)    
Globalization is the mode of having good connections between the two countries. It ensures the peace in world by building a great network among these countries. It is the need of the hour for every nation to be globalized but before that a country should thoroughly probe its situation because globalization may also threaten the SMEs.

Globalization gives the chance to improve any nation's GDP by simply increasing the competition in its market. It also allows the customers to get desired products according to their needs by facilitating them several choices for the same product. India is also gaining the profit by introducing the globalization in its various sectors.

The sectors which are really benefited from this are mining, manufacture, various private sectors etc. Now the developing countries are also taking the experiences of already developed nations assets. The countries which are ram-shackled or facing the bad GDP, bankruptcy threat can raise their standard with the help of introducing foreign investments or items in their markets. It also allows better liquidity in their markets.

Due to this, the poor countries are getting a chance of levelling their shoulders with some great countries. The developed nations are also getting benefited by globalization because now their products are being sold in other nations which brings back more capital to their home. Introducing the outsourcing is directly connected with the development but it depends mainly on how we are implementing it and what are the areas in which it is implemented.

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Indian said: (Thu, Aug 1, 2013 11:15:32 AM)    
Globalization is really important for any country (considering India) in the following aspect.

1). It improves living standards of country people, nowadays we can get any product which is not our country's product even in village for example any shampoo, toothpaste etc.

2). Employment -people are going abroad for job, also companies which came in India for investment in different sector are recruiting mostly Indian people in there company. But the second condition depends on rules of Indian government. In my view Indian government should make a rule like 80% employees should be Indian in that company in Indian centers.

3). It increases competition of the market so that people can choose best product easily. But to encourage our Indian Industry government should make rule that maximum 30% of the products in a shops will be made in India product.

4). It provides us world class education also encourages world tourism, contributes world class technology in every sector but most importantly in health sector. It improves economy etc.

But we should be aware of, how to utilize it, if we ignore this part we can get into trouble like elevation in price of dollar/rs. Or like 1800s, our economy can be crash and we mayn't do any thing that time. We lose our dependency in the terms economy.

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Shubham Rathore said: (Mon, Jul 29, 2013 08:52:05 PM)    
With due to respect your point as per my opinion, Globalization is improve economies of our country which has maximum number of doctor and engineer are passed out of every year. It Improve our GDP rate.

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Mahesh Kapse said: (Mon, Jul 29, 2013 03:50:09 PM)    
Hello friends. I would like tell about the topic of globalization my opinion is to globalization is improve our country employment as well as it is better opportunity for getting good salary job. Due to globalization getting more and more job. It also remove unemployment in India.

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Poonam said: (Wed, Jul 24, 2013 09:12:53 AM)    
Hi Friends, I would like to share my views on this topic. Globalization is like two sides of coins. It can be helpful or dangerous. We have seen lots of foreign countries are investing in our country due to which our economy is going to increase. People are getting chance of going abroad and improve their standard of living. But on the other hand if we not using globalization properly may be monopoly of foreign investor can be occur. In this case our government should be careful and attentive. In short it is lie fire if use properly we can cook our food But if we use carelessly it can destroy our house and lives.

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Partha Rudra said: (Fri, Jul 5, 2013 02:01:21 AM)    
Hello everybody,

I am Partha and I would like to put my opinion on the topic globalization.

Well according to me globalization is necessary for all countries to exchange values, technologies, resources etc. It is specially needed in developing countries like INDIA to resolve the unemployment problem, to develop the infrastructure of the country, to increase the GDP and hence to grow the economy. Besides it will also help to improve the life style.

Although it has many advantages, it has some disadvantages too.

Due to globalization, there is a chance of monopoly in the market by the foreigner which will dominate our country products and hence an adverse effect on our country.

But if Govt put some kind of regulation over foreign companies so that there doesn't occur any monopoly in the market, globalization is heartily welcomed.

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Pralad Dessai said: (Fri, Jun 21, 2013 06:54:13 PM)    
Globalization is a key factor in the development of any nation. Globalization allows you to share your ideas, views especially with the nationals from other countries. India has been able to spread its culture all over the world only due to globalization. Indians always want to go abroad for better job opportunities. Globalization gives you the freedom to settle down in any nation. Globalization is spreading peace all over the world.

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Kayla said: (Wed, Jun 19, 2013 08:40:55 AM)    
There is certainly a positive side to globalization. Those who support it say that it creates jobs by making companies more competitive. This results in lower prices for consumers. Others support globalization because it brings capital and technologies to impoverished nations and brings international products back to the United States in return. Globalization increases the number of decisions that are made on a worldwide level, resulting in a merging of politics and decisions that are made for the good of people all over the world. The cultural intermingling that occurs also promotes greater equality and acceptance of others, especially since different people can share the same financial interests. Speedy travel and worldwide communication has resulted in a more educated, more cultured public.

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Shubhi said: (Tue, Jun 18, 2013 07:46:27 PM)    
As every cloud has a silver lining so Globalisation too has. It is must for any country to help in the economic as well as social growth of a country. It is needed to keep in pace with technological advancements across the world and overall developments in the world.

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Mohit said: (Wed, Jun 12, 2013 06:32:13 PM)    
What is Globalization?

Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth.

Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation.

One of the benefits of globalization on a social level is an increased Human Development Index. The Human Development Index is a measurement of a country's social, political, and economical growth in comparison to other countries in the world.

Negative aspects of Globalization:

Globalization has led to exploitation of labor. Prisoners and child workers are used to work in inhumane conditions. Safety standards are ignored to produce cheap goods.

Earlier people had stable, permanent jobs. Now people live in constant dread of losing their jobs to competition. Increased job competition has led to reduction in wages, and consequently, lower standards of living.

Positive aspects of Globalization:

Globalization has created the concept of outsourcing. Work associated with software development, customer support, marketing, accounting, and insurance is outsourced to developing countries like India. So, the company that outsourced the work enjoys the benefit of lower costs because the wages in developing countries is far lower than that of the developed countries. Workers in the developing countries get employment. Developing countries get access to the latest technology.

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Bilwa said: (Mon, Apr 29, 2013 11:07:56 PM)    
Yes to some extent globalization is very useful to a developing economy. But before going global and government must ensure its own players are competent enough. Otherwise it can backfire. For example let we have all big retail shops are owned by foreign companies in our country. That might create jobs but the Indian people working there must be the lowest paid employees. And that will not help our GDP. We must have some have Indian companies strong enough to enjoy the fruit of globalization.

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Sunny said: (Tue, Apr 23, 2013 07:44:29 PM)    
To keep and spread the gains, government must not only reduce barriers to trade and investment, they must also get domestic policies right. Many people may think that globalization is making poor countries poorer. However the evidence is very convincing that developing countries that globalize grow and reduce poverty level faster than those that do not. For example, recent study of 72 developing countries shows in the 1990's globalism developing economies real incomes and output grew faster, on average about 4 times faster, than inward looking economies' output.

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Sweta Hazra said: (Sun, Apr 21, 2013 10:12:43 AM)    
Great Good Morning Friends,

Globalisation is really very necessary for our country to prosper. As we know globalisation is a means to which cross country flow takes place of output, technology, investment, etc. In a developing country like ours free market enterprise is very much needed as it will not only enhance production and sales but also it will generate employment opportunities. During 1990s, the government of India decided to embrace Globalisation as a means to raise up its economic condition in a better position.

Well to end up, I must say that Globalization's with all its positive points has also got its threats as well. The policies might also hamper the economy by poor utilisation of resources.


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Bittu said: (Mon, Apr 15, 2013 09:48:40 AM)    
Yes Globalisation is necessary, for an economy to grow. Globalisation refers to the integration of economic, technological, socio-political factors with the world. And with globalisation, with the mutual cooperation and assistance -particularly with reference to the law of comparative advantage- it is going to be beneficial. Globalisation also helps reducing the poverty level in the country-there are plenty of evidences and record to support it. Developing countries specially require globalization. Because Indians are very rich in resources of skilled manpower.

So Other countries are interested to invest in India. We don't have that much funds/money to make very huge industries or developments. There is no shame to invite other countries for investing. Lot of advantages are there. Employment, infrastructure development, tourism, foreign exchange and etc. Even America would be nowhere if globalisation was an imaginary concept never put forward. Half the world's countries would be reeling in depression right now if not for globalisation.

For example, petroleum, most countries are on the verge of depleting their entire reserves and some countries don't have it at all. Seeing this if not for globalisation the entire world would be left crippled due to the massive energy crisis facing them. While globalisation is necessary it is not sufficient to ensure communities gain from globalisation. To keep and spread the gains, government must not only reduce barriers to trade and investment, they must also get domestic policies right.

Many people may think that globalisation is making poor countries poorer. However the evidence is very convincing that developing countries that globalise grow and reduce poverty level faster than those that do not. For example, recent study of 72 developing countries shows in the 1990's globalizing developing economies real incomes and output grew faster, on average about 4 times faster, than inward looking economies output.

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Raj said: (Thu, Apr 11, 2013 10:12:50 PM)    
As far as my knowledge, globalisation creates good job opportunities and it increases the national growth and development globally. Our country is a developing nation need to be become developed one. In Order to have that we should allow globalisation. Globalisation makes the country to adapt new things like technology, infrastructure. It allows the country to make relationship with other countries.

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Amit Yadav said: (Mon, Mar 18, 2013 11:08:01 PM)    
Well I think that globalization is must for every country. It helps to combat causes like unemployment, financial problems, education etc. Due to globalization foreign companies spend their capital and opens their firm in other countries which further increases employment level and thus, standard of living of people will be raised automatically.

In the year 1990 globalization was started in India and at that time GDP of India was 97% and now in 2013 it has increased to 8 to 9%.

As some of them spoke that we are forgetting our culture, but I think it not so, we are just mixing our culture with western to make a better culture. Everyone needs change so as to prevent himself dying from bored.

Despite of it's advantages it also has some disadvantages like.

* Sometimes it causes "BRAIN DRAIN".

* Foreign market might dominate over Indian market, but if globalization is allowed under strict rules and regulation of Indian government then it doesn't remains as this advertisement. Anymore.


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Gaurav said: (Mon, Mar 18, 2013 10:05:38 AM)    
Its a very important point. I think globalization is good because it gives consumer more option and so the supplier has to improve the quality and cut the prices to stay alive in competition. And it prevents market from being a monopoly market, and also invites new technology, and production tech.

While it can also be detrimental to domestic industry on some occasion, because its hard for Indian companies to compete with the foreign companies where the interest rate is as low as 2%, and low labour cost. The prime example of this is the electric market dominated by Chinese products in India.

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Arpit Agrawal said: (Thu, Mar 14, 2013 02:29:34 AM)    
Globalization is necessary for our country because by this we can improve our financial condition, we can reduce our unemployment because every year most of the students become engineer but only few get the job so by globalization we can get the chance to go in some foreign companies or we can interact some other groups of companies. In our country by this we can do better in future and can improve the health&wealth. So try to improve globalization, it is more important for us.

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Devender Kumar Chandel said: (Mon, Mar 11, 2013 01:13:12 PM)    
I agree that globalization is necessary for developing countries like India as it provides better career opportunities, infrastructure, new technologies and a better living standard. But it should be welcomed with utmost care otherwise it will ruined domestic and small size businesses like done by China in Indian markets.

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Puneet Malik said: (Thu, Mar 7, 2013 07:24:02 PM)    
Globalization is the key for the development of any country. As globalization results in the interaction of different countries, so people come to know and learn different aspects of other country. Talking about India where population is increasing at this fast pace parallel to which unemployment is increasing. Thus globalization satisfy this problem by rendering services in different fields. Also there is exchange of currency which also promotes that development. It's the effect of globalization that billionaire Bill Gates financially help Indians during earth quake.

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Mahesh Pawar said: (Sun, Mar 3, 2013 12:47:35 PM)    
In my view globalization is play very important role to development of various sectors in the country. The globalization is needed in various sectors like education, medical, science and politics. It can also provide benefit to youngster.

The globalization best example is developing country like Japan, America.

The globalization is needed for developing the country.

Thank you.

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G.Anusha said: (Fri, Mar 1, 2013 10:37:46 PM)    
According to my view India is still under development of globalization because the intelligent people in India are going abroad and implementing their knowledge to the foreign people and their trade center is increasing day to day in India potentiality should be increased and we can develop our India in such a way that it should be best example for globalization. As India is with many cultures and traditions when improve it a lot by man effort.

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Rubi said: (Mon, Feb 18, 2013 01:36:34 PM)    
As we know that our country INDIA is still a developing country and I think the main reason behind this the globalization because of globalization the intelligent man power belongs to INDIA were working for other countries and those countries were developed. So it is also increase the brain drain. Nd on the other hand it also enhancing the western culture in our country due to which people forgetting their culture. We should use globalization just for interacting with others not to forget our own culture.

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Pranambika Ananthy said: (Wed, Feb 13, 2013 02:31:24 PM)    
Hai friends,

In my point of view we need globalization. With that we won't forgot our culture.

The globalization should be at the sale of product, education, and in technological development. We have to introduce the 4G technology (nano technology).

Thank you.

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Mahesh said: (Sun, Feb 10, 2013 06:48:09 AM)    
The globalization is very important to our country. Developing the country it is very important. The development is needed in education and politics. The globalization is needed to get success in our life.

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Divya Kukreti said: (Sun, Feb 3, 2013 07:46:21 PM)    
My dear speakers I would like to correct you and tell you that our topic of discussion is not particularly about India but about the world. According to me Globalization brings the world under 1 umbrella. It helps us to understand different nations and the reason of their progress. It helps us to improve ourselves. It helps us to improve the standard of goods so that we can compete in international markets. It is due to globalization that the world has achieved so much in the field of technology, education, astronomy etc. So keeping all these things in mind I think Globalization is must.

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Ujjwal said: (Thu, Jan 31, 2013 03:33:03 PM)    
According to me Globalization is very vital for developing countries. Globalization gives a better plat to developing countries for increasing their economic, social, external affairs matter. After globalization all conflict matters are near to end and every country live happily.

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Sonia said: (Thu, Dec 27, 2012 11:08:04 AM)    
According to my view globalization is very essential for our developing country like India. It helps to improve GDP growth and also it help in effective utilization of available resources with the help of new technology and also helps for improving social and economic networks.

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Dibyajyoti said: (Wed, Nov 28, 2012 04:34:46 PM)    
Dear Friend,

I think we should't be raising the question whether globalization is good or bad. The question in our mind should be how can we make Globalization beneficial for our country.

May be some of you people disagree with me but Globalization is a kind of necessary evil. Yes, I agree that by globalization our country's products selling in our own market will hampered like Pespi & Coca Cola are now India's most favorite drinks but we should also see that by globalization only Indian companies getting chance to do business across the globe which in turn bringing more capital in country, and it is well known that Indian companies like Tata Steel, Tata Motors, Infosys, M & M, have given very tough competition & have outranked many global company. Tata Steel bought Chorus, Tata Motors bought Jaguar Landrover & Many more such example.

So in my point of view globalization is really a necessary tool to integrate your economy with the world.


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Shalini said: (Mon, Nov 19, 2012 09:48:08 PM)    

Globalization promotes competitiveness in in domestic markets, helps in improving standard and quality of products moreover generate employment opportunity for urban masses and suitable price of agricultural produce thereby improving the financial condition of the farmers. Thereby globalization leads to overall growth of economy.

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Amaresh Kumar Sahoo said: (Mon, Nov 19, 2012 06:21:52 PM)    
Hi friends I am Amaresh here.

First of all I want give thanks to INDIABIX.COM which allows us to make a public discussion.

According to me globalization is must necessary to a country like India, which is still now not developed.

Globalization means integration of economies of world in the field of technology, thought, knowledge, resources etc. It allows us to share our knowledge, technologies, trade, capital, values and ethics with other countries of world.

Actually in 1990 India accept globalization. Before this gdp of India was .96% but now a days it increased to 7-8%. By this many foreign mnc companies are coming to our country. So many problems are solved. Like unemployment, infrastructure, transportation etc. Now a days there is no limit to promote a product in every corner of the globe. We can use the commodities which are manufactured in foreign countries. India has so many resources and talents that's why foreigner are interested to set up there business in India. This is possible only for globalization. Indians have not so many funds that's why earlier these talent and resources are not able to exposed. For example you can consider IT industry. In India we can find more then 10 million people who are it professional. Also there are more than 1000 MNC it companies which are already set up their business in India. So by this common man along with government benefited.

Also some other industries has set up in India after globalization. These foreign companies have so much contribution in government treasury. In health care part we can easily bye some foreign medicine to protect us from death like vaccine for sin-flue.

Like coin every thing has two sides. Globalization has some -ve points.

By this foreign product will control our market. No one give importance to our own product as our local products are substituted by foreign products which have cheaper price. Everyone will adopt western culture by forgetting our own tradition and culture. May be one time will come Indian market will be under the monopoly of foreigners. This is ashamed for us.


Indian GOV. Should regulate foreigner in some strict rules and regulation by which Indian market will be under the monopoly of our GOV. We common people should not forget our own culture and tradition.

If those things are possible we should heartily welcome Globalization.

Thank you.

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Poonam said: (Mon, Nov 12, 2012 04:55:24 PM)    
Hi Friends, I would like to share my views on this interesting topic. Globalization is really necessary for our country. Because India is a developing country. We sometime need developed countries help for their growth. Due to globalization our standard of living, education system, communication system is improved. But in the same way globalization has disadvantage also. Rich people become more rich and poor people become more poor. Western culture is growing day by day in our country. People forgetting their culture and values which is the strength of our country. According to me enhancing western culture is not bad but forgetting our culture is bad. We should use globalization just for interacting with others not to forget our own culture.

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Preeti said: (Sun, Nov 4, 2012 06:31:25 PM)    
Hello friends.

According to me, globalization is necessary for our country because we are still a developing country and we need a lots of thing like to improve the infrastructure, poor education system and corruption (mostly in rural areas) so by globalization we can share our ideas and learn things that makes the changes in the society.

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Jay Rathod said: (Tue, Oct 30, 2012 08:04:34 PM)    
I think its necessary because when foreign company enter in domestic level then increase competition so fortune other country using a technology so its need to increase standard of domestic market so it increase standard of Indian company so its our development.

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Yash Mahalim said: (Sun, Oct 21, 2012 11:38:40 PM)    
Globalization is same that of combination of large excess of FDI and privatization of Indian companies. They belongs getting private profit other than interest in local economy. Globalization influenced all of your social, economical, educational and national systems. English become prime language for youngsters for getting high salary jobs with strength of education. Generally communists and socialist revolutionaries are against it. They think it destroy us for being economically self-independence. All western countries are also against the globalization but they shows the important of it for their country's profit. They backfired all the world in this concept. And blind countries like India, UAE, Russia and Singapore give importance to their policy and will find in troubles like global fuel price hike etc. Globalization is one of weapon which use by first world countries to simulate all the world. Globalization cannot integrate all economies on the basis of getting equal profit. Globalization give birth to unemployment, poverty and political instability. In future, there may fight war on this ideology for survival of human being in earth. Other than socialism is quite better.

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Manimaran V said: (Fri, Oct 12, 2012 04:06:47 PM)    
Hi everybody, interm of globalizatin I think that inviting western cultures is not just forget our tribute India has its specific importance among the countries in the world. Getting exposure to foreign cultures makes us to learn new thing, that makes ones country shine.

Our economic growth is also increased and unemployment problem is also solved becuase of this globalization, so I think it is necessary.

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Sibichakravarthy said: (Wed, Oct 3, 2012 07:09:13 PM)    
Hi everybody, first of all, I think that the globalization is not necessary. The term does not refers to its appropriate meaning. The participation of third world countries is not present. Their culture, their social life is destroyed due to this. Only if all the countries participate in the globalization then we can accept it.

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Omran Al-Bahrani said: (Mon, Oct 1, 2012 10:39:26 PM)    

Well, globalization a word which describes a movement with harmful effects on the whole world. Most people think its a helpful movement because the media only shows it's advantages and never shows it's disadvantages.

Anyhow, globalization slowly destroys the cultures, the languages, and it stop us from thinking differently.

globalization divides the whole world into three groups : The rich people, the middle-class and the poor people.

The rich people : are the people who created this movement in order to collect money from the middle-class people, it's like they just make their wealth grow up more and more. And those people pay no tax and do none of the hard work.

The middle-class people : are the people who thinks this movement is perfect and they are trying to be rich. Anyway those people do all the hard work and pay all the tax. And this kind of people includes me and you.

The poor people : are only there to scare the middle-class people.

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Zahran Alghamdi said: (Mon, Oct 1, 2012 10:39:07 PM)    
Well, globalization is very complicated today because all the word has been changed to the worst life for example 70% of people used to live in their own house but the great idea of "Globalization" people's life has been turned down to rental or borrowing to still alive and warming, even do not have their own cars. However, it might be good for some countries and some people. Moreover, it gives consumer a choice for new product.

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Ann said: (Mon, Oct 1, 2012 10:33:53 PM)    
Globalization has many benefits which can effect us living comfortably. We can get another country's products even if we are in a different country. Japanese people couldn't have gotten Apple products, BMW, Macdonald's and so on, if globalization didn't exist in the world. And I am studying Journalism and Media studies in my university. I have studied twitter and some communication tools. Especially, I am crazy about American dramas and movies, so I decided to study English hard.

In Japan, there are many people who are interested in other countries culture. It is good for us to understand and feel different culture, because Japan is an island and we can't visit other countries easily.

However people sometimes tend to lose their nationalism because of globalization. We should be proud of our nation by ourself.

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Diogo said: (Mon, Oct 1, 2012 10:31:43 PM)    
Personally, I believe globalization has more disadvantages than advantages. The main reason is for the first-world countries, which are already rich, are able to export their large companies to in development countries and benefit the most from it. Therefore, it prevents the local inhabitants from having their own business and ruin the local market since those small firms can't compete with those prices.

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Hacson said: (Mon, Oct 1, 2012 10:30:12 PM)    
Globalization is something that is unavoidable now.

It is true that it affects different countries cultures, causing them to be distorted. However, it is not always a bad thing. Sometimes we can get a mix of our own culture and the culture of the countries that we are influenced by. Therefore, we can learn about many other countries all around the world thanks to globalization, and after, as a result, take some new ideas from their cultures and use them to improve some aspects about the weaknesses of our own.

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Laura said: (Mon, Oct 1, 2012 10:28:48 PM)    
I think that globalization has given a lot of good things to the world so far. However, there is still a lot of work to do to improve this concept and as a result, make a better world for everybody.

One of the advantages of globalization is that nowadays people can buy products from all over the world without leaving their countries. You can learn about other cultures watching television OS surfing the Internet.

On the other hand, this way of doing business can damage local companies. To solve this I think that governments should create better laws to regulate this.

These are some of the reasons which make me think that we are on the correct path. We just have to be careful of how we want to arrive at our destination.

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Claudio Moor said: (Mon, Oct 1, 2012 10:23:29 PM)    
In my opinion, globalization is a kind of evolution for the world. Once there were a lot of different markets, different cultures and different ways of life.

Nowadays, everything is unified. You can find in nearly every country the same goods and stores. Today it is possible to travel around the world for good prices and we are able to communicate with whoever we want, because they can speak different languages as well as we can.

Generally, I think it is a good thing and globalization can help everybody in some way. Therefor, I'm optimistic about the future. However, at the same time I think that we should protect our local cultures and markets, because I don't believe that it would be a better world, if everybody lived in a similar environment.

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Carlos said: (Mon, Oct 1, 2012 10:19:58 PM)    
Globalization is a one-way process - once it happens, we can not turn back. So, it can be a chance to built a better world, giving all the countries an opportunity to develop their education, health, security and other issues. Breaking some protective barriers to trade, for instance, could help to decrease hunger in some countries. Also, establishing a trustful accord on environmental politics would protect our natural resources. On the other hand, is the focus is on money, we'll end up in the worst kind of world, just increasing worldwide problems - poverty, hunger, wars, global worming and so on. I believe the decisions we are making now - the kind of globalization we want - will define the future of the next generations.

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Michaeljackson said: (Mon, Oct 1, 2012 10:17:23 PM)    
In my opinion globalization is not a benefit for humanity. Nowadays globalization is just a tool for multinational companies to maximize their profit. People lose their work because the companies decided to move in a low-income country. The local cultures and traditions are dying these days and the future is that everything and everybody has to be the same. Control is the keyword. The multinational companies have strong allies-the financial industries. The goal is one world currency controlled by the world bank and we are just cows in this system which become milk.

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Mahendra said: (Wed, Aug 22, 2012 01:16:06 PM)    
Hallo my dear friends,

I agreed with some of my friends opinions about globalization, but most of them are unknown about the meaning of globalization, they are just trying to see one side of coin. Let me clear you that every coin has two sides, just like that globalization has more beneficial than loss.

In today's life developing country like India is must in need to increase the participation in globalization. History of our nation has witness of that, comparing a strength of unemployed youth in early 70s and 80s having much grater than today. After 90s when Indian government permit and start globalization, the condition start improving with more speed.

Globalization means share of Knowledge, trade and investment in globe (world). There has a great line to say that"as you share the knowledge to more it will be improve more" then how can we say that globalization has make more effect on poor country's. We all are well known with a geographical condition of earth. At many places some items are more than surplus and somewhere it has deficiencies. Globalization booms such types of trade in world market and it helps to improve the finantial condition of the country as well as peoples to.

Due to globalization the treasury of governments get's more revenue in the way of foreign corrency which help govt to employ new schemes and employment for peoples so consequentially it effects on the progress on lifestyle of peoples.

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Jyoti Gupta said: (Wed, Aug 22, 2012 10:20:15 AM)    
The 20th century is the century of aviation and globalization. We must creat the kind of globalization that work for all not for few.

Although nothing is perfect in this world so globalization has also some negative aspects such as it really affect the small scale industries.

Yes, it has ugly and dark side but it can also bring tremendous apportunities and benefits for our nation. Present problem of world can be uprooted by globalization.

Arguing against globalization is just like arguing against law of gravitation.

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Thenmozhi said: (Mon, Aug 20, 2012 09:38:25 AM)    
In my point of view globalization is important, because we are all indian's so we must take care of our nation. And to develop our development. This means that the new creativity of people and they know about the field clearly.

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Pooja Jain said: (Sun, Aug 19, 2012 12:53:05 PM)    
I agree that globlisation is necessary for developing countries like India as it provides better carrer opportunities, infrastructure, new technologies and a better living standard. But it should be welcomed with utmost care otherwise it will ruined domestic and small size businesses like done by China in Indian markets.

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Rajeev said: (Wed, Aug 8, 2012 05:14:43 PM)    
Globalization is necessary for our country, because our country is a developing country. We need advance technology so that our country could become developed country. And also we can share our idea from other country, because each and every country having some great thought and we need to take that great idea, globalization has also created employment and created big market but small industries has been effected but after all globalization is necessary.

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Vighnaraja said: (Sat, Aug 4, 2012 12:24:45 PM)    
Globalization is something which benefit all type factors in a country, that mean a globalization bring revenue to government, reduce price and provide variety to customer, increase market to domestic suppliers provide job opportunities to youth.

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Suman said: (Tue, Jul 24, 2012 01:18:18 PM)    
Hello friends.

After listening all views and thoughts I would like to add my thoughts that I think that globalization is necessary because it shares our ideas, technology, values etc. It helps to maintain cordial relations with others. Helps in the growth of our economy and other economy.

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Swathi Anusha said: (Tue, Jul 24, 2012 06:51:46 AM)    
Hello everyone,

I would like to stick to why globalization is necessary for any country.

As we all know globalization means sharing of knowledge, values, ethics, methods etc.,

In INDIA globalization had started in early 1990's, so if we compare India then and now we observe a drastic change in IT, Industrialization and in Employment, this is due to globalization.

Due to which, many industries have been set up which decreases the employment problem in INDIA that in turn decreases poverty which is most essential in a developing country like us.

So Globalization plays a vital role in any countries development.

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Vasu said: (Mon, Jul 23, 2012 07:38:42 PM)    
Globalization is obviously a boom to our country. It has brought a pragmatic change in our society. The GDP of the country has increased considerably since its entry into our country. It has fulfilled the dreams of the mediocre in our society. As every coin has a head and tail, of course Globalization has its pros and cons. Of course in few means the small scale industries have got affected. Well in my view Globalization is a bliss for our country.

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G.Siva Ganesh said: (Sun, Jul 15, 2012 09:27:35 PM)    
Due to the Globalization our India is still in developing state. The intelligent man power belongs to India were working for other countries and those countries were developed. So the Globalization reduces the mother country development.

In other side individuals have good development due to the Globalization. So the richer become rich and poorer become poor.

Due to Globalization now days it is very easy to see the depth of the world in every sector.

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Asif said: (Sat, Jul 7, 2012 09:29:11 AM)    
Knowing and sharing with others who are in the globe (world) is globalization. It was a great innovation which started from 1991 and make some great changes in the whole world. By the bless of globalization people knows each other of the world and they help each other when any problem take places. But some international political unrest's slow down the usefulness of globalization. The countries those who creates phenomenon and after Rafe they expand their helping hands are also the part of globalization. Globalization can't change our poverty rate, our education system, the way of our living and etc but it gives a lot of supporting information, using that we may gain or fall in loss.

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Aman Shoeb said: (Sat, Jun 23, 2012 09:05:11 PM)    
Well my friend according to me globalization is necessary but our country had taken this decision very early which had adversely effect our growing GDP, as china had taken this decision too late when they were quite ready to compete in the world, by taking early decision our country is not able to compete in the world, however globalization played an important role in our country but the states which were poor becomes poorer as they don't have enough knowledge to deal with external world.

According to me globalization is important but only when you are enough capable to compete the world or it will adversely effect.

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Prabhash said: (Sat, Jun 23, 2012 05:13:56 PM)    
Globalization means increasing connectivity and interdependence in business and market. Through this, we can get assistance from other countries. For example, in the case of swine flu get the vaccine from other country. Otherwise, chances to loss the so many things. Also we can updated with the market and business through globalization.

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Soumya Ranjan said: (Tue, Jun 19, 2012 12:57:50 AM)    
Globalization means increasing connectivity and interdependence in business and market. Through this, we can get assistance from other countries. For example, in the case of swine flu get the vaccine from other country. Otherwise, chances to loss the so many things. Also we can updated with the market and business through globalization.

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Santosh said: (Mon, Jun 11, 2012 03:43:49 PM)    
Globalization refers to the process or processes of international integration. [1][2] Human interaction over long distances has existed for thousands of years. The overland Silk Road that connected Asia, Africa and Europe is a good example of the transformative power of international exchange. Philosophy, religions, language, arts, and other aspects of culture spread and mixed as nations exchanged products and ideas.

In the 15th and 16th centuries, Europeans made important discoveries in their exploration of the World ocean and in beginning cross-Atlantic travel to the "New World" of the Americas. Global movement of people, goods, and ideas expanded significantly in the following centuries. Early in the 19th century, the development of new forms of transportation and telecommunications that "compressed" time and space allowed for increasingly rapid rates of global interchange.

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Radha said: (Thu, May 17, 2012 06:27:39 PM)    
Yes, Globalization is definitely necessary for a developing nation like India to survive and compete with other nations. Due to it new technologies are available to our country, also our technologies are helpful to other countries. Thus all nations are able to grow simultaneously. Globalization means integrating of different economies into a World Economy. Thus due to it exchange of ideas and thoughts can be easily done and world has become a global village. But along with its advantages some disadvantages also are there. It sometimes adversely affects ideologies of youngsters. Thus "Globalization is a necessary Evil".

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Pushpa said: (Wed, May 16, 2012 08:18:44 PM)    
Globalization means sharing of goods, services, technology, knowledge and thoughts in between two are more countries.

Globalization is really necessary to economy for developing and developed countries. Due to globalization the business markets in the world has no boundaries, they can market their products in any part of the world.

Globalization is really necessary because our country is fully agriculture based nations hence if any products will come in market, then we should have knowledge about that, because of this the status of poverty might be remove and leads to increase the industrial development.

Finally I conclude that globalization is really necessary, through globalization many existing problems has been cleared such as unemployment, poverty, low living standard, etc.

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Abhijeet said: (Fri, May 11, 2012 01:38:36 AM)    
Yes, Globalization help us to grow up our economy directly and indirectly by two way. First thing is the it crosses the boundary of nations and spreads the business it also help us to export and import the the things easily and safely. And the second thing is it reduces the poverty level at some extent.

Globalization help employment to unemployed people and increase the level of standard among them. It generally also leads infrastructure development of society and the country. By globalization we provide our goods and services to other nation, increase income of our country.

It help us by various way makes us strong economically.

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