Is Globalization Really Necessary?

Yes, globalization is necessary, for an economy to grow our country. The huge amount of foreign direct investment boosted the Indian economy quite significantly. The disadvantages is that, globalization increased competition in the Indian market between the foreign companies and domestic company.

Hi, everyone.

Globalisation:

This globalisation is a must necessary tool in today's world. For instance, when 2 persons met and exchange an idea, each gained a knowledge which is not known to them. Think this in the case of between countries. When we exchange something it automatically increases the particular thing which we have. Whatever may be.

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.

I think globalization is must in order to have equality. It helps us to understand the living standards of all so that we will improve living standards, if that is so every country gets benefited. There may be some problems in some cases but we have to look over its over all impact.

Hello, everyone.

As globalization basically unties the barriers of boundaries of countries that we created earlier.

Globalization basically means the full access and sharing of culture, civilization, trade, technology, trade, resources of each other at mutual consent so that the world with equal liberty and peace can be dreamed.

The point is whether globalization is necessary or not then I would I like to say that -yes it is very necessary. Why boundaries for human mankind to explore. We should have the world that allows all citizens to share their ideas their culture etc.

Why one should be bound to access limited resources but at the same time we should be careful in accepting this idea as well. We should be enough intelligent that what should be accepted from other country or what not?

Because it may be there that in sharing we accept bed thing as well which is not required at all.

So that's up to us.

Work intelligently, works peacefully.

According to my point of view "Glbalization" is necessary. Because of globalization we can Share our Technologys Which are important for development of our nation and intenconnection between other countrys people.

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.

As every cloud has a silver lining so Globalisation too has. It is must for any country to help in the economic as well as social growth of a country. It is needed to keep in pace with technological advancements across the world and overall developments in the world.

Globalization is the mode of having good connections between the two countries. It ensures the peace in world by building a great network among these countries. It is the need of the hour for every nation to be globalized but before that a country should thoroughly probe its situation because globalization may also threaten the SMEs.

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

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

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

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.