Globalisation - Boon or Bane ??

Shah Jigna

it is boon as well as bane

akansha_khare

Quote:

Originally Posted by 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

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.