OldProjectsData
New member
: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
vjaquarian_14 said: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.
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