Globalisation - Boon or Bane ??

[OldProjectsData]

:argue:

We have been reading about it in newspapers and hearing about it from our profs.

Is it a boon or a bane ? :blah: :blah: :blah:

This thread is dedicated to Your views on Globalisation

[ViJiT]

The advantages and disadvantages of globalization have been debated and scrutinized heavily in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.

[vesh]

according to me globalisation upto to certain extent is fine as it helps a developing country like ours, but on the other hand too much globalisation can also hamper the growth of the indian companies & also to some extent could exploit the resorces.

[vishal_1986]

The advantages and disadvantages of globalization have been debated and scrutinized heavily in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.

vijith.,...wht r ur sayins towards globalisation... forget critics...but do consider thier sayins..lol

[kartik]

I feel globalisation is a case to screw up the developing countries.

The developed countries get cheap labour, make better products, gain on economies of scale , and sell the product cheaper than the local markets.

This way, they give more salaries than usual to the working class, give better products at better prices to individuals.

But we forget that we are getting enslaved by them, smaller companies are loosing out and more and more people are working under MNC's .

The barrier between the rich and the poor increases and the local economy goes into depression gradually.

Well , thats my bit on globalisation

[vengabeats]

I think, to some extent globalization is good because under-developed nation starts developing, it maintains good economic relation with other countries, employment oppurtunities are there, aftter enterance of differnt MNC's Infrastructure also develops.

Globalization is also bad because of this we get the cheap and bad quality prducts like chinese products and also degraded products like 'kellogs' which are banned in US. Because of MNC's only Indian companies have to face problems of cost-cutting, haevy competition etc....

So Globalization is a Boon as well as bane

[techno]

definitely globalisation is a boom if it would not have been it would have been not possible for me to reply the post which u have sent while sitting here...it's a gift of globalisation only...but if we look at the other side of it ..we will find farmers suicides...due to technical advancements and cheaper crops avialable from imports... chinese goods flooding indian markets and causing a middle class trader a great loss ... but overall i fell it has given us more than it has taken back from us

[Lovefrank4]

The effect of Globalisation has a two way effect the world id becoming flat
but the sad part is its not only for good people like bin laden are also having the same advantage which is the dark side of globalisation .........but theres always a vice versa ...if we dont have a problem it would have been so easy......
i am on the strong side of WITH glob.....

[tanmay5000]

I feel that globalization is good for our country as it pushes us to be more innovative, so that we become more advanced and raise our standard of living as compared with other countries through competition. Globalization has a simple philosophy hidden in it i.e. life is a challenge, you win some you lose some but ultimately you learn and become better. I think the country that thinks globalization is a bane is hiding its inability to manage the country and their people should work harder with unity to overcome their weaknesses. A good example is how Germany has risen from the ashes of 2nd world war. We can't let mismanagement come in the way of development, quality and standard of living, can we?

[samar]

Globalization which concentrates wealth in the hands of a few is bad.

The rewards should be more evenly spread.

In the name of globalization / Privatisation if
the poor & helpless are getting displaced
[ Singur & nadigram in W bengal , Panvel in
Maharashtra ] it is likely some point down the
line to result in massive social unrest with
the attendent adverse effects.

[Shah Jigna]

it is boon as well as bane

[akansha_khare]

I feel globalisation is a case to screw up the developing countries.

The developed countries get cheap labour, make better products, gain on economies of scale , and sell the product cheaper than the local markets.

This way, they give more salaries than usual to the working class, give better products at better prices to individuals.

But we forget that we are getting enslaved by them, smaller companies are loosing out and more and more people are working under MNC's .

The barrier between the rich and the poor increases and the local economy goes into depression gradually.

Well , thats my bit on globalisation





hey i completely agree wid u kartik

[Navjyot1983]

Globalisation is power. It helps the under developed countries a chance to get along with the delveloped countried to come together and work. Along with this opportunity the end consumer get an advantage of the choices and the prices for the end product.
Globalisation has aslo diluted the borders and the distance across countries for the best talent to come upwards. It has been a boon for the talent.

[Harryman]

Globalisation is definitely a boon and although it has its negative effects too ,those are negated by its overall contribution .

Today at the tip of my finger i can communicate and send important and relevant data over to the opposite end of the world through the internet at a relatively priced cost .

Companies can have its various functional departments in different countries and sell the final developed product in some other country.Thus getting the best resources from different parts of the world at the most optimum price to develop high quality products ,thus satisfying customers needs .

This world has become such a small place due to globalization and liberalization.

[akansha_khare]

well as far as commerce goes... d basics say tht every debit has an equal n corresponding credit.so it is obvious that weneva sum1 makes a profit its at a loss to sum1... to a certain extent globalisation will end spoiling local stuff.... bt d rise in competition will also help in having better quality stuff.... n nt every1 will be able to face foreign competition

[ROHAN KACHALIA]

Well according to me, globalisation is a boon but whether it is a boon or a bane is not the point to discuss. The point to discusss is at what pace we are achieving globalisation.

There is too much of globalisation happening in developing countries especially in INDIA but still there are farmer suicides, villages getting washed out coz of floods, more n more SEZ's coming up at the cost of farmers' land and what not.

So, the point here is the pace at which we are globalizing. We need to allow FDI, FII's keeping in mind the plight of poor people so that even they progress with the nation.

[aashishjhawar]

Hey guys ... Keep up the good work.... :)

[pratikbharti]

definitely a boon..............

[Bhupesh]

It really varies, but overall it is boon for us.

[anurag87]

hi i have some queries regard measures taken by govt. of india for export promotion and its benefits after globalisation boom enter in india in 1991

[shah0k]

the mobile phone that you used is bcoz of Globalization, such luxury wont have been possible withour globalization......

[shaggy_aka_sagar]

It has been a core topic for quite sometime now.
Like two sides of a same coin it has a dark as well as a bright side. It has started making india stronger from d technological as well as economical point of view. But, it has led to the inflow of many industries which has hampered many domestic industries very badly especially ssi's. China's dumping is an example of it.
My contribution on it...

[mahjabeen]

for sure globalisation is a boon as it helps in increase of standard of living and economic condition of the country, because of LPG concept ,India has developed so far.

[raman_103]

Globalistation is good, but upto a certain extent,

Now there is tought competition in each & every field/ Sector,

Bcz. of Globalisation only,

But we are unable to Forecast i.e. unable to predict Future due to Globalisation.

what will be the future of Indian companies ?

Why we can't export certain items still to USA market ?

They have favourable policies of import only for those thing in which they find that the goods from outside conuntry are economical to them either in case of cost or Technology.

Globalisation has bring the world buisness into a single hut.

Now We can send our goods deliever services to any part of world,

Trsanperancy in the market regarding profits has been increasing day by day.

We will have to define a line , fix up criteria upto which extent we can go for globalisation,

Otherwise the Big Fish will continue swallo-up small fishes in the pond.

These are my thoughts
Give your opinion

Thanks

Raman Singhal
Jodhpur Institute of Management

[preeti08]

Hi All

I believe that globalisation will lead to improvement in quality level world wide and decrease human sufferring.

preeti08

[simran_bhatia]

hey friends i think globlisation is really beneficial for India as it had helped Indian companies as well as public to have an exposure of the outside world....

[kukrejanilesh]

i am unable to think even a single con of globalsation but there are like thousands of reason y v consider it to be a boon

[anant1a]

Bane

The negative effects of globalization

* Opponents of globalization point out to its negative effects. Some of them are listed below.
Developed nations have outsourced manufacturing and white collar jobs. That means less jobs for their people. This has happened because manufacturing work is outsourced to developing nations like China where the cost of manufacturing goods and wages are lower. Programmers, editors, scientists and accountants have lost their jobs due to outsourcing to cheaper locations like India.
* 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.
* Job insecurity. 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.
* Terrorists have access to sophisticated weapons enhancing their ability to inflict damage. Terrorists use the Internet for communicating among themselves.
* Companies have set up industries causing pollution in countries with poor regulation of pollution.
* Fast food chains like McDonalds and KFC are spreading in the developing world. People are consuming more junk food from these joints which has an adverse impact on their health.
* The benefits of globalization is not universal. The rich are getting richer and the poor are becoming poorer.
* Bad apects of foreign cultures are affecting the local cultures through TV and the Internet.
* Enemy nations can spread propaganda through the Internet.
* Deadly diseases like HIV/AIDS are being spread by travellers to the remotest corners of the globe.
* Local industries are being taken over by foreign multinationals.
* The increase in prices has reduced the governments ability to sustain social welfare schemes in developed countries.
* There is increase in human trafficking.
* Multinatonal Companies and corporations which were previously restricted to commercial activities are increasingly influencing political decisions.