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Is Globalization Really Necessary?

@ : Home > Group Discussion > Economics - Discussion Room

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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.

Thanks.

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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.

Thanks.

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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.

Rate this:   +18   -7


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.

Thanks.

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

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.

Rate this:   +13   -16


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.

CONCLUSION:

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.

Rate this:   +42   -6


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)    
 
Globalization.

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.

Rate this:   +3   -1


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.

Rate this:   +21   -1


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.

Rate this:   +9   -6


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.

Rate this:   +7   -13


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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Harpic said: (Thu, May 3, 2012 09:15:28 PM)    
 
Yes Globalization is necessary, for an economy to grow. Globalization refers to the integration of economic, technological, socio-political factors with the world. And with globalization, with the mutual co-operation and assistance - particularly with reference to the law of comparative advantage- it is going to be beneficial.

Globalization 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 globalization was an imaginary concept never put forward.

Half the world's countries would be reeling in depression right now if not for globalization. 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 globalization the entire world would be left crippled due to the massive energy crisis facing them.

While globalization is necessary it is not sufficient to ensure communities gain from globalization. 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 globalisng developing economies real incomes and output grew faster, on average about 4 times faster, than inward looking economies' output.

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Rishi said: (Wed, May 2, 2012 11:35:19 PM)    
 
Ya globalization is important for surviving in this world but in globalization politician plays an important role because politician decide the rate of importing and exporting of goods so the deal should be done according to our country get benefit now days politician is dealing for own profit in our country dew to this our country are facing very bed days petrol prices is going at peek point dew to this price of other goods will also go high so the politician should not be corrupted other wise globalization is good.

In India goods is sold in less price and perches that good 4 or 5 time costly in another form so this agenda is very bad for country and his economy growth.

Rate this:   +8   -8


Rahul Raj said: (Mon, Apr 23, 2012 09:55:38 PM)    
 
Hi to all,
I am Rahul Raj, according to me, 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.

Rate this:   +9   -13


Surojit Saha said: (Sat, Apr 21, 2012 10:25:04 AM)    
 
Hello my friends,

I would like to concentrate on only one point-.

In today, s world globalization is very much necessary.

Globalization means sharing our knowledge, technologies, trade, capital, values and ethics with other countries of world.

What is India, s biggest problem today that hamper its economic growth?one of main reason is poverty.

Now why is it necessary? because India is basically a agricultural based country where most of the people living below under poverty line. As we know globalization is a process which basically starts in early 1991. With the process of globalization, we can see rapid progress in industrialization occurs because of FDI. Many private companies are eager to invest in our country. Due to industrialization, GDP rate of India increases to 7. 5-8% from. 5 % in 1991. So, due to industrialization, lot of job opportunities increases. So the problem of poverty can only be solved due to globalization.

So globalisation is necessary.

Rate this:   +59   -4


Bijayalakshmi said: (Wed, Apr 18, 2012 07:06:06 PM)    
 
Hello everybody, By my points of view.

Globalization is nothing but to let a country developed. For which we people should conscious. Globalization makes integration of economic. Not only economic but also in agriculture, technology, transport, education, politics. Etc. Globalization also helps reducing the poverty level in the country. Also Globalization leads to increase the industrial development.

But the most effective term towards Globalization is Westernization, which is changing our lifestyle & we are becoming money minded not thinking of our country's development. We should not follow this, but make all to become a part of our Country's development.

Thank you.

Rate this:   +23   -1


Porto said: (Mon, Apr 16, 2012 07:48:06 PM)    
 
Nowadays we live in a globalized world and we can feel its opportunities and its threats, but in my opinion there are much more opportunities then threats, that`s why in my developed countries there is economic growth. Without globalization the world would be very slow in all the fields, and our lifestyle would be very low in compare with our present lifestyle.

Rate this:   +3   -7


Himanshu said: (Mon, Apr 16, 2012 11:03:16 AM)    
 
Yes. Globalization plays important role in our life. We can not only improve our knowledge but also we can prove our superiority in the whole world. We can share knowledge, technique as well as many things. So globalization is very important.

Rate this:   +51   -11


Samrat Reddy said: (Tue, Apr 10, 2012 02:37:20 AM)    
 
Globalization is not only related to fast changes in political, cultural and technological aspects but it makes changes in individual thinking ability. For any country healthy economy globalization plays a key role. For EX;If we compare many backward countries to present day they are leading a healthy economy in all the sectors like in transport, technology, standards of living every thing has changed mainly individual poverty line has reduced to gret extent. Any countries GDP (gross domestic product) depends on globalization. The most important aspect of globalization is reduces cost efficiency with technology growth i.e.wit less inputs one can receive more out puts.

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Shetty said: (Sat, Apr 7, 2012 02:51:44 PM)    
 
Globalization is integration of economies of the world in the field of technology, ideas, views, capital etc..

As a result of 1991 crisis in India it was adopted.

On one hand it may boast foreign collaboration for technology, joint venture, share capital, it may lead to flourishing tourism sector, exchange of culture, and wider scope for development.

But at the same time it may benefit developed economies as the have surplus capital.

Underdeveloped countries and DEVELOPING COUNTRIES LIKE INDIA would be largely at loss as our imports would be more than export.

It may also promote migration.

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Dharam Santhosh Kumar said: (Wed, Mar 21, 2012 03:46:44 PM)    
 
Some my friends have said that with globalisation many of us loosing our culture, tradition, morals and values. Yes, we are living in a society where good, bad and everything exists, it depends on how we take the things. Inviting western culture is not just forgetting our own tributes India has its specific importance among other countries in the world. Getting exposure to other foreign cultures make us to learn new things that makes ones country shine. When comes to economic growth our county's gdp growth has incraesed predominantly when vi sa vi to earlier decades, despite of that some of our unemployment problem has been solved.

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Amit Kumar said: (Sat, Mar 10, 2012 12:40:31 PM)    
 
Yes Globalisation is necessary for India. Because it's given "GLOW" on face of many indian's after 1991 and such glow become super glow if we better utlisation of our resources or policy. Only need to giving equal time to every sector. Because of it free trade has benefited population and helped raise their living standard across the globe. In India for four decades the countery shut out foreign trade and investment. Bureaucrats gave licenses on whims and bribes rather than on commercial consideration.

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S Harikirankumar Reddy said: (Fri, Mar 2, 2012 10:43:23 PM)    
 
Yes, Globlization is important for Indian economy.It is necessary in today's world as it has positive impact. Through globalisation, many existing problems has been cleared such as unemployment, low living standard, poverty etc. As because of globalization, multi national companies have been set up in India creating large scale of employment.

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Nagesh Reddy said: (Fri, Mar 2, 2012 04:44:22 PM)    
 
Besides various advantages, globalisation led to loss of cultural and traditional trends and their values from minds of today's youth. In race of westernization they are forgetting their moral values and their mother languages as well.

The major adverse effect being Brain-Drain. Our country sets best example of it. Highly skilled and talented people of our country are migrating for better carrier opportunities, better facilities, infrastructure and money; because of which India is losing their talent due to lack of better educational facilities, unemployment and for many more reasons.

Rate this:   +25   -6


Malatesh.Karamudi said: (Sun, Feb 19, 2012 10:10:03 PM)    
 
Lot of my above friends are think that globalization is necessary but according to me now it is not necessary for India because still India is not fit for the globalization first it should increase its internal streanth then we have to sign for this globalization. Our nab our country china took three year to sign for globalization now see lot of products are of made in china products.

Another thing friends lots of our farmers loosing there life because of this globalization why because in the name of globalization our politicians selling our Indian land & raw materials to the other country propels become weltheir than us I will give you a funny example that china brought our Indian potatoes for just 40RS/kg & their potato chips for 140RS/kg see the difference.

Finally friends I am not opposing for welcoming the guests but you don't handover your home to them.

Rate this:   +209   -12


Santosh Kumar Mohanty said: (Sat, Feb 18, 2012 02:38:59 PM)    
 
Hi all,

In todays Progressing world Globalisation is the most Important factor for each and every nation, as Globalisation at its peak allow different nation to communicate with thier economic,cultural and technical aspects which determines the health of an nation. without globalisation it is quite difficult for the nation to become healthy in all these terms....

If any thing is wrong please dont mind I just liked to participate So I did ..

Thank you,

Rate this:   +14   -8


Sawan said: (Sat, Feb 11, 2012 03:11:07 PM)    
 
Globalisation mean generally sharing of goods, sevices, culture, technology, and thoughts in between two or more contries. In todays scenario it is very much necessary, as evryone in this world want to become powerful in terms of economy, technology and culturaaly. This is only possible by globalisation because due to this a competative enviroment created between nation wise by which general people of evry country may benifited.

Rate this:   +21   -5


Anu said: (Mon, Feb 6, 2012 12:36:14 AM)    
 
As per my point of view globalization is necesssary because. It give the opportunities to setup multinational companies in India and to solve many large existing problems and provide many opportunities in today's environment in India such as creating a large scale of employment, incresing Indian economy and living standard of people and give the opportunties to cope up with current competitive world environment standards.

Rate this:   +23   -4


M. Srikanth Sri@Bme said: (Sun, Feb 5, 2012 05:54:40 PM)    
 
Whenever we speak about GLOBALIZATION, we consider all things behind it. Nowadays the burning topic is "FDI" implementation. It is one of the topic relate to globalization. If it is implement it creates many more jobs somebody said, but in other side of coin it has the adverse affect like BRAIN DRAIN also, and the grip of handover gradually will be given to foreigners, we movingly addicts to their products. So, better to care of all those things. If at all, implement these things, WE SHOULD BETTER THINK TWICE BEFORE IMPLEMENTING IT. But, without globalization it is not competitive country, itself can't creates the strength of its own nation.

Rate this:   +10   -2


Ram Rai said: (Sun, Jan 22, 2012 12:28:51 PM)    
 
Globalization... What does it mean?..... In real sense, it means integration of country economy with world economy. The question regarding it's importance in world's economy has been raised. As per my point of view, it is necessary in today's world as it has positive impact. Through globalisation, many existing problems has been cleared such as unemployment, low living standard, poverty etc. As because of globalization, multi national companies have been set up in India creating large scale of employment.

Rate this:   +62   -4


Atul Kumar Sharma said: (Wed, Jan 11, 2012 01:55:43 PM)    
 
Yes, Globlization is important for Indian economy because since 1991 when India open the door for globalization employement rate is increases day by day. After 1991.

India is one of the fastest growing economy in the world and it account's to 2% (approx) of the world GDP. It is true that our Goverment has limited resources and they can not provide job to each and every one. Its only because of globalization that youth of India not faceing the problem of unemployment. The get the after completing their studies. India's company performing very on inter national level.

In the end I would like to say Indian should fix to both the sector. Our core sector i.e. agriculture and globalzation.

Rate this:   +30   -4


Parshuram said: (Tue, Jan 10, 2012 03:45:56 PM)    
 
Globalization has its pros and cons. But it cannot be denied that the impact it has had on our country has been positive. It has helped Indian companies to become more competitive and ensured survival of the fittest.

Rate this:   +20   -3


Sathis said: (Fri, Jan 6, 2012 03:21:45 PM)    
 
Ya. I agree with you. Globalisation is necessary because it helps to increase the standard of loving of the people. And also it makes the availability of the similar type of products all over the world. So the customers can enjoy the benefit. Because of globalisation the peoples income will be increase.

Rate this:   +9   -4


Harsha Laddha said: (Thu, Dec 29, 2011 11:57:42 AM)    
 
Yes Globalization is necessary, for an economy to grow. Globalization refers to the integration of economic, technological, socio-political factors with the world. And with globalization, with the mutual co-operation and assistance - particularly with reference to the law of comparative advantage- it is going to be beneficial.

In present scenario globalization is leading a very imp role which can not be ignored. We all the people has been benefited by globalization through the amicable behaviour of each other countries. The interaction of international label is very mandatory for a growing country to improve its potentiality and spreading our strong points points and getting better opportunity to make itself developed.

Rate this:   +9   -5


Devendra said: (Thu, Dec 29, 2011 11:53:10 AM)    
 
Globalization is necessary for any developing countriesYa. I agree with your point but using globalization poor becomes poorer. They always depend to others

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Milap said: (Sun, Dec 25, 2011 03:08:46 PM)    
 
Globalisation is really good in any aspect of developing counrty. If India wants to become a prosperous India should support global trade investments. Globalisation will help India to eradicat proverty and growth of economy will be seen. Globalisation will increase connectivety to developed nations and we get a better chance to find new path to developing to developed.

So the globalisation is really necessary to every nation to see their economy is growing rapidly and improving social networks.

Rate this:   +13   -1


Bhadra said: (Fri, Dec 23, 2011 11:57:49 AM)    
 
Globalisation is one of the most important topics in the world.there are so many evidences,due to globalisation the relation between countries is increasing day by day.

Rate this:   +3   -11


Niharika Singh said: (Thu, Dec 22, 2011 08:16:31 PM)    
 
Before saying yes or no....We need to analyze India's stand before Globalization.

As so many of my friend has discussed the meaning of Globalization above. I wouldn't waste time on it.

The wave of globalization appeared on India’s shores only in 1991, much after China’s and some other Southeast Asian countries.

As a new participant in the globalization wave, India went through several structural and policy changes.

In 1991 India's GDP rate was 0.96%. Where as the current GDP rate for the financial year 2011-2012 is projected at 7.5% to 8%.

From the 1991 onwards India is walking on the track of development. Globalization has affected everything positively from living standard to external trade and investment, from agriculture to banking and finance, from industry and infrastructure to global trade relations, and from education to employment.

So, we can say that Globalization has not only bring a new wave to the Indian economy
but also boosts it at a large scale.

India continues to grow at a rapid pace, although the government recently reduced its annual GDP growth projection from 9% to 8% for the current fiscal year ending March 2012.

Though in this race of faster growing economies several of our Indian states lagging behind. A critical problem facing India's economy is the sharp and growing regional variations among India's different states and territories in terms of poverty, availability of infrastructure and socio-economic development. Six low-income states – Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa and Uttar Pradesh – are home to more than one third of India's population. Severe disparities exist among states in terms of income, literacy rates, life expectancy and living conditions.

Corruption has been one of the pervasive problems affecting India.

Every medicine has it's own side effects. So, it can't be said that it's unnecessary.
In fact, it is necessary to spread the development & globalization and reach out to the states which have been suffering in pace.

Rate this:   +130   -7


Girish said: (Sat, Dec 17, 2011 03:55:43 PM)    
 
According to my opinion globalisation essential for a country like India ,as our country is abundant with human resources at the same time our financial resources are not sufficient to employ all of them.in such a situatoion it is a better to accept the concept of globalisation . it will solve such problem by accomodating them.for this purpose we must adopt a cent percentage globalisation in India.Now the present crucial issue is that to adopt retail trade or not? actually it is for the well being of our country ,and developing a quality conscious among the consumers in our country.so more and more illegal suppliers are compelled to supply the quality products to indian consumers, it automatically lead to overall development.

Rate this:   +4   -5


Tamina said: (Tue, Dec 6, 2011 10:45:26 PM)    
 
Globalisation may boost our economy, but oue is at stake we are simpy imitating the western cultre thin k about it. Money or our identity?

Rate this:   +13   -14


Raj said: (Tue, Dec 6, 2011 01:08:42 AM)    
 
Hello group,

I really respect the views I read by some friends here.

In my opinion globalization is really important for a country like India, because our government system is really weak compared to you. S or China in terms of common people's welfare. It not only brings the job opportunities but also the prosperous work culture and results oriented environment. It would give ample opportunity for people in India to interact with global standards and to think+learn beyond our diversified culture, that would add value for the future. Nowadays, Indian government of India talking out more FDI is also creating various ways towards Globalization.

There would always be some debate for and against the FDI (considering east India company, British raj, etc) but I feel everything has a meaning we give it. Most of the people can see commendable opportunity through globalization save if we observe and take it positively.

Rate this:   +15   -5


Kaushik Mishra said: (Sat, Nov 26, 2011 11:17:17 AM)    
 
Thank you. Globalisation has become an expressions of common usage. Unfortunately or fortunately, it connotes different things to different people. To some, it represents a brave new world with no barriers. For others, it spells doom and destruction. In a broader sense, it can be said that the integration of world economies is truely globalisation.

The advocates of globalisation more especially from the developed countries, the process of globalisation for the time being is definitely a irreversible. Though our fellow countryman may not be getting paid as per the western counterparts, yet it is much better than the situation that existed a few years back. Per capita income has gone up and foreign investment has generated employment in a big way, thereby giving a boost to the related sectors like education etc. Globalisation has brought competition among the domestic companies as well and it is a win-win situation for at least the consumers.

It is not surprising, therefore, that a significant loss of political and civil liberties and less attention to social and human rights in many developing countries. Thus we are in the age of capital domination. If we surrender before them in the name of globalisation, we will get nothing but slavery.

Rate this:   +8   -6


Mohammed Mohtahsim said: (Thu, Nov 24, 2011 06:16:06 PM)    
 
Hi friends,

Yes, I ma agree that globelization is needed for developing country like India.

This is the country where a large number of talent is living only we need plateform for them so if we need that platform for them we have ot share our ideas and our thought with other develop countries so that we can learn and experienced about new technologies.

At other side we know that cities are spreading but still we have a big part as villages and we are can produce row material and other thing like and can export. And we also can import thier technologies to improve how to increase our production and how to apply new technologies in rural areas so if we share our ideas and we will support globelization it will surely give benifit to our country and it will help our contry to become an developed country.

Rate this:   +14   -4


Sailrit said: (Thu, Nov 10, 2011 11:52:51 PM)    
 
Globalization is the not only integration of economies but also integration of political,cultural and technical aspects between countries.A Country will develop when it acquires knowledge and expertise from other well develop countries.FDI AND FII Are integral part for booming the GDP of a country which is possible only due to globalization.Also, theory of absolute advantage says that a country should concentrate on producing goods which it is efficient in and import other goods for its benefit.
so, share and learn is the funda of globalization.

Rate this:   +19   -6


Sagar said: (Wed, Oct 12, 2011 09:26:18 PM)    
 
To my concern Globalization is a necessary evil for any nation. Globalization helps in improving the economy growth and GDP (gross domestic profit) in various sectors but at the same time there starts dominance, monopoly later this can leads to other massive destruction. However westernization helps in exchanging cultures, traditions and many more across the world but this should not ruin its parent culture mean there should not be dominance over others culture, belief, tradition. Last but not least for any country's growth these are necessary to some particular extent beyond it is not advisable so globalization and westernization is a necessary evil for whole world.

Rate this:   +19   -9


Sayee Pranathi said: (Fri, Sep 30, 2011 09:44:37 AM)    
 
Globalisation is of course a very essential one as it helps a particular country to know where it stands in the global economy, industrial development, literacy and lot more. Not only that people are exposed to many things which are happening in the outer world through globalisation. But in this struggle to success one should never forget his motherland and culture because a person should always show respect for his nation only after that comes all these stuff.

Rate this:   +16   -9


Gopal said: (Thu, Sep 29, 2011 08:25:15 PM)    
 
Yes, globalization is much needed to grow individual as well as all nations. It will bring all the nations in the world on to single stage to perform their best and share some thing with others. If each share and exchange their knowledge, technology, resources, etc. Will bring prosperity and wealth. As we are all Know about the nations and their strengths in defense and nuclear wapans so we can not imagine the wast destruction.

Each and every nation should maintain healthy as well as friendly relationship with others otherwise it will leads massive destruction.

Rate this:   +24   -4


Surendran said: (Sun, Sep 25, 2011 08:29:34 AM)    
 
Globalization is very important one our country. When comparing to other top developed countries in there economies and how they plane was implemented economically, education, industrial and etc. Since last 3 years we are very growing fast in economically. Globalization is necessary to achieve our goal.

Rate this:   +9   -14


Amol said: (Mon, Sep 19, 2011 06:14:43 PM)    
 
Growth is needed without interaction with other nations one cannot develop.

So by sharing ideas, understanding each othert and co operating nations economy can be developed.

Rate this:   +21   -7


Vivek More said: (Sat, Sep 17, 2011 12:36:55 AM)    
 
Why we are talking that globalization is vanishing no. Of cultures in the world, we should look at the new culture coming through due to globalization. It is better to have a one culture for whole globe so there will be no chance of third world war as well and the final culture will be the composite of all the cultures today breathing in this world so from my sense globalization is a need for world to save world.

Rate this:   +24   -8


Aashiya Goyal said: (Thu, Sep 15, 2011 10:57:29 PM)    
 
Yes, globalization is necessary but every coin has two faces, likewise globalization also have some dark impact. Their is a throat cut competition among companies, belongs to developed countries, for using the resources of developing and poor countries. The best examples are Pepsico, coco-cola, Bisleri etc. All these companies serving India's drinking water globally, which causes water crisis in many areas of India, specially where the plants have been set up.

Rate this:   +36   -6


Mayank Jain said: (Sat, Aug 27, 2011 09:43:06 PM)    
 
Globalization is much like fire. Fire itself is neither good nor bad. Used properly, it can cook food, sterilize equipment, form iron, and heat our homes. Used carelessly, fire can destroy lives, towns and forests in an instant. As Friedman says:.

"[Globalization] can be incredibly empowering and incredibly coercive. It can democratize opportunity and democratize panic. It makes the whales bigger and the minnows stronger. It leaves you behind faster and faster, and it catches up to you faster and faster. While it is homogenizing cultures, it is also enabling people to share their unique individuality farther and wider. ".

Globalization has dangers and an ugly dark side. But it can also bring tremendous opportunities and benefits. Just as capitalism requires a network of governing systems to keep it from devouring societies, globalization requires vigilance and the rule of law.

Rate this:   +56   -15


Rohan said: (Sun, Jul 17, 2011 04:25:15 PM)    
 
Yes I believe globalization is necessary as it helps in raising the standard of living, creates jobs availabilty, ample income from multinationals investing. New resources. Techniques of productions. Quality products. N also the most important part of globalization helping in creating cordial relations between nations.

Rate this:   +118   -17


Suman Singh said: (Mon, Jul 4, 2011 01:21:56 AM)    
 
I do believe that globalization is very important for a country to raise its economy level and it also help us to interact with different kind of people and culture. It help us to think in a broad way. Just nw a recent case about death of osama bin laden. I don't think it would have been possible by US government alone, it was depended on pakistan to help them and gat rid of his ill activities. So I think that globalization is very important not only for developing but also developed countries.

Rate this:   +59   -33


Anand said: (Thu, Jun 30, 2011 09:49:18 PM)    
 
Globalization raises the standard of living. It will, lead to boost the economy and helps to integrate all the countries on a social platform. The technology advancement increases and with reduce time the resource are effectively utilized.

Rate this:   +19   -7


Harry said: (Tue, May 31, 2011 03:30:28 AM)    
 
Yes it is very neccesary because globalisation will help in developing country economy, as it help in effective utilisation of resource with help of new technology adoptation, with list use of resource with less time.

Rate this:   +21   -6


Caroline Jones said: (Thu, May 5, 2011 09:10:49 AM)    
 
I too feel Globalization is necessary. As John Donne the English Poet said 'No Man is an Island Entire unto himself'. We are all part of 'the global community' 'the globe' literally being the shape of the earth/planet we all live and survive on. Most things in life have a side effects of some kind or other; the side effects of globalization I believe are: spread of disease, loss of culture, loss of money... However globalization is a process not an outcome. It is happening and the world is fitting into its shape. Globalization is necessary. What is vitally important is that cultures such as those in India, China, Africa ARE NOT trodden on or diminished in the process. It is important that these cultures are PART OF THE GLOBALIZATION PROCESS, allowing for these beautiful cultures to be shared, learned about in our schools in the West, included on the curriculum and celebrated. In my experience as a teacher working in inner city London, working with ethnic minorities has enriched my life and understanding of the world. Meeting students from India, Pakistan, Eastern Europe, Africa, Turkey etc. etc. and hearing their stories about their culture has inspired me to visit their countries, as an artist, paint and have photography exhibitions based on these cultures e.g. my recent exhibition was on Kerala India. To me this is all part of globalization as I experience it.

Rate this:   +60   -9


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