Is Globalization Really Necessary?

Group Discussion
Points to remember before you participate in this discussion:
  • Assume you are one of the members of a real group discussion.
  • Take the initiative to participate and contribute your thoughts.
  • Contribute your positive thoughts towards providing the solution.
  • Post your thoughts here.
128 comments Page 2 of 13.

Shaikh saddam said:   5 years ago
First and foremost, Globalisation is a inevitable and we can say its a bliss for national economy, try to think if India would not accept globalisation in 1991 then we today would not be 5th highest economy of world. Globalisation opens opportunities and gives excel to employment, after globalisation in the right way the talent being checked else we would have been followed reservation system which gives benifit to only marginalised people and rest of the Peole irrespective of having economical backwardness but due to their caste superiority are deprived from reservation system. Secondly through globalisation in high numbers employemet generates which makes strong to education system. For instance the student who are working in MNC companies are well paid and earning handsome amount of money, apart from these our youth showing talent throughout world in different nation which only happened due to MNC companies who selected that candidates and escalated for foreign countries. Finally, it gives rise to invention as well, government draw a tax from foreigns company which extends our economy.

In sum up, I want to say globlization is a platform for us to extend our self and its totally depend on particular nation and its policies in order to get benifited from this system.

Pooja said:   5 years ago
First of all, let me tell you what is globalization, it is the process of interaction & integration among people, companies and governments worldwide. Globalization is very essential for all countries to exchange their ideas, technologies, inventions, goods & services which increase the rate of export & import and by this country economy will increase. So increasing country economy will definitely help a country like India to become developing county to developed country.

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.

Jayesh Varchand said:   6 years ago
Globalization means sharing the resources that are useful to others as well as the sharing is beneficial for their economics. Considering India, we lack in advancement of technology, though we have vast improvement in last decade but still we export such technologies from foreign countries and not inventing such products that the world demand from us. Due to this scenario our exports are less than compared to our export, which results in decrease in value of Indian Rupees. Yes, I am agree we are not up to that extent that we can build such techs by our own research and hence we require them to enlighten us in such fields for starting, but if there will be no invention happening from our country and only Western invention are gonna imported by us nothing exported in balance, then this globalization is not truly worthy to India. But, as earlier many friends said globalization is inevitable, since demand of fuel in India and no resources for the same unlike you Just found out shell gas as alternative fuel to decrease their dependency on Arab countries, we don't have such natural resources, and by only exporting of spices and other simple goods we're not going to balance the effect on economy. So, my conclusion is that globalization is necessary for our country based on our situations but it is also must to balance its effects on our economy by inventing something that other countries depend on us and increase our export, this is what is needed to continue globalization by our country side.

Riti said:   6 years ago
Acc to me, Globalization is really necessary. It helps to increase the economy of the country.

One can easily share new inventions, innovations an technologies. We can sell our products to foreign countries which helps to increase the economy.

PIYUSH thakor said:   6 years ago
According to me, due to globalization utilization of resources is effective. Because a country may have more resources less demand or more demand and less resources. So due to globalization effective utilization of resources takes place.

Ankur said:   6 years ago
Hi, I don't think that globalisation is necessary for the countries like India because it would cause problems and would lead to unemployment in the people for the poor. As more and more foreign companies are flooding the markets of India weather indigenous businessman could not grow up for example not only in India but also in countries like USA Sundar Pichai who is the Indian but works as a CEO of Google in USA so the job opportunities for the youth of that country is been taken by the people of the India in the same way it is harming the Indian markets.

Sushant said:   6 years ago
According to me, Globalisation is really necessary because it will lead to the maximum development of the country and also many new inventions technologies will come forward, maximum business oppurtunities will appear in front of people.

Wanyee kinuthia said:   6 years ago
Hello everyone.

My name is Wanyee Kinuthia and I live in Watamu, Kenya.

I completed my Master's degree at the University of Ottawa's School of International Development and Global Studies. My studies focused on the subject of globalization, within the context of economics.

According to Claire-Turenne Sjolander, the roots of "economic globalization" lie in the "acceleration and transformation of changes which came into play in the 1960s" heralding a major reorganization of the capitalist economy. Global economic competition intensified, as capitalism globally underwent a major structural change known as economic (neoliberal) globalization. Economic globalization is here understood as "a system fuelled by the belief that a single global economy with universal rules set by corporations and financial markets is inevitable. ".

Furthermore, The conditions of economic development and democracy have been profoundly and adversely affected by economic globalization, particularly due to the tremendous increase in the power of corporations relative to that of communities and labour. A report from the Institute of Policy Studies revealed that fifty-one of the top one hundred economic units in the world are corporations, not countries, while the world's top two hundred corporations account for almost a quarter of the total measured economic activity of the entire world. Hence, economic globalization may be more appropriately referred to as "corporate globalization".

After completing my graduate studies, I published a book titled "Madaraka: The Poor Shall Inherit the Earth. This book aims to provide readers with a general overview of neoliberal (economic/corporate) globalization - presently militarized via the fabricated you. S-led War on Terror - and to draw attention to the political economy of this exploitative system, which is marked by increasing inequality, oppression, and the exploitation of both people and the natural environment, exclusively for profit.

You can also visit my website www. Madaraka. Net to learn more.

Thank you,

Hari said:   6 years ago
It is similar to Internet where we can easily access all the things to be done and other people get the things done in the same way.

Ashish said:   6 years ago
According to me, Globalisation has created great opportunities for people all over the world. It has made a big difference in the lifestyle and table of people in the society.

Post your thoughts here:

Your comments will be displayed after verification.