Is Globalization Really Necessary?

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.

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.

YES, Globalization is very important because it provides an exchange of ideas, creativity, thought etc. Due to which a particular country gain some enhancement in the field of infrastructure, education etc.

India is one the country which must require such type of technology to enhance at an initial state.

Since 1991, India is one of the countries who did a lot to developed but these politics doesn't give that much of potential to develop our country. India uses 20 years back technology in today world and nothing upgrade would occur.

But finally, youth get the opportunity to educate and works in MNCs company.

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.

Good afternoon all,

I Sakshi Jain and my opinion on this topic are.

I agree with this statement that globalization is essential in each and every field. As we exchanged our ideas, thoughts with other countries will enhance our development.

As our former president Dr. APJ Abdul Kalam SIR said India should be come in the list of developed country till 2020 for this achievement globalization should be increased.

Advantages,

- Employment improve.

- Problems like scarcity, poverty decrease.

- Rate of export and import increase.

- Development of technologies.

- Improvement in living standard.

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.

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.

Hi,

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.

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.

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.