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Re: Globalisation - Boon or Bane ??
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raje_kitta
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Re: Globalisation - Boon or Bane ?? - May 4th, 2009

yes definitely globalisation is a boon
TATA motors selling in Europe
TCS having clients all over the world
this is an really an boon
They provide adequate market for products
though it provides market , it provide employment and ways of development of the country
there are some disadvantages
1.Poorer countries suffering disadvantages: ie the countries which are poorer becomes poor and countries which are rich becomes more rich. small and poor countries mostly have the agriculture as the main exports and this due to globalization (EU) lowers the price of the crops
2.The shift to outsourcing: The low cost of offshore workers have enticed corporations to buy goods and services from foreign countries. The laid off manufacturing sector workers are forced into the service sector where wages and benefits are low, but turnover is high.
   
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