Is Globalization Really Necessary?

Yes! Globalisation is one of the best way to develop the country by sharing ideas, technology, services etc. In many countries the quality of the products or technology is very poor this also helps to increase the quality in products and also in technology and also helps to provide employment all over the world for examples roads in India are not properly laid and also they are not durable but the quality of roads in other developed countries are very good so the technology should be imparted by the foreign countries which can be done by the globalisation but there are also certain disadvantages which are the cost of the technology is high due to change in currency value, it also effects to the financial status of the country. Globalisation can be only better if the country's financial status is equal to other country else it may be really difficult to the country to survive so globalisation though has the advantages but also has limitations so the globalisation should be limited. Thank you.

Yes, globalization is really necessary because they increase our economic condition. We also exchange the ideas of new technologies.

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.

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.

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.

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.

Globalization is essential for our country as well a it is very important for us due to globalization we can develop our country and in India education system will change.

According to me globalization is very important for us. The business organization is important for us in this condition.

Globalization is not a term it is a process by which we can exchange our ideas from others and get knowledge from them. If you will contribute something then they will contribute in what field you are lack of knowledge.

Myself Suchitha.P.

Globalization is necessary to our Indian economy which indicates the aspiring towards oneness by all over the world. But we should not lose our traditional culture in this global system.

I agree from globalization. First of all, I would like to say globalisation that means exchanging of an idea, thinking, knowledge, advance service etc, with other countries around the world. Globalization has the important role for the development of economy like India. Since, In past we did not have tea restaurant, university, advance technology etc. It can resolve unemployment, lifestyle, skills communication. It is very important to bust up of the economy for developing countries like India. India is lacking in technology when coming across China, Japan etc.

Since every coin has two faces one is head and another is Tell. Similarly, globalisation has also advantage as well as disadvantage.

Disadvantages are,

(1) Brain drain system.

(2) It will affect middle type industries.

(3) Loss of own nation culture etc.

Finally, it is declared that people should follow the globalization rule but should not follow the culture of other countries.

Globalisation is inevitable, its a winds of change. Technoloy has made it easier in the field of telemedicine, education, engineering and biotechnology. We can't brush away these benefits. However, globalisatio has had immeasurable consequences on trade and international economics. In this regard, liberalisation has brought down many national companies in developing countries in favour of advanced economies.