What is the benefit of globalization and what are its effects on India?
Answer:
Globalization is no longer a choice. The trade(tariff and non tariff )barriers are coming down. The import taxes are progressively reducing. The first and foremost benefit is to the consumer, who can get a wide variety of goods at competitive prices. Second beneficiaries would be the "low-cost and high quality" manufacturing countries, who can produce goods at competitive prices and acceptable quality. These countries would see a drastic and sustained GDP growth. Increased competition would mean the improvement in processes and quality. In general the business efficiencies would go up.
wait a minute...that's utopia.
as long as there are non tariff barriers imposed by powerful countries and selective opening of economy, there would be an imbalance in economies of "developing" countries.
Especially for India, the effects are already seen...sustained GDP growth, shift from export of trained manpower to export of globally accepted goods/services, Indian MNC, entry of MNC into India, and inflexible and unchanging Indian cos going out of business. Contrary to the Commy propaganda...globalization has not made India poorer. India has benefited economically.
Globalization is one of those things like communism. It sounds wonderful on paper, people all over the world exchanging ideas and a free world economy. In pratice someone messes things up by wanting to rule everyone. In this case it's U.S. businesses who take advantage of people in other countries including India.
I disagree with the premise that US somehow has to do with everything. It is easy to blame others.
Globalization is what we live in today in the shrinking world. You might have read the book by Mr Freedman: 'The world is flat'. Everything is easily accessible instantaneously and the world is a playing field where it is levelled due to technology.
He makes some very valid points and talks about India at length. This is where globalization is heading. Yes its effects are good for India. Actually, it benefits the entire humankind.
Globilization has both plus points and minus points.Globalization is good becoz the country gets recognized and also the people.We meet different people with different cultures and interact with different people with different views.Its in a way good.
We can learn things from them which are good and try to improvise from them.But on the other side,it has many effects on india,Indians for the matter go overboard for every new thing we come across.Indians are accepting globalization and forgetting their own cultures.They feel that doin this is called to be modern and happening.If we accept globalization in a constructive way then there is no harm but if its the other way,then surely it does make an impact and already many are seeing it.Just wanted to tell that one should be proud of being an indian and accept globalization with due respect to our country and to be grounded and remain the person what you are.
Yahoo is part of globalisation. I notice people from lots of different countries participating here. Is this good? I am sure its good for 3rd world people to be in touch with outside world.
in early years of indian independence, people used to fear the MNCs or TNCs due to their deep pockets in surviving continued downturns and their capacity to gobble up indian busineses.this feeling persisted even in the 80s when indian businesses were an untested lot vis-a-vis global competition as they were just freed from captive markets. came globalisation, and scores of MNCs setup business in india, some gobbling up indian competition, but the majority of indian industry withstood their onslaught and have been giving the MNCs a run for their money. due also to globalisation, some indian business sectors were found to be world leaders in their own right. so overall, india has benefitted only. shame on to he devi lals and other stupid netas for their misplaced propaganda against globalisation!
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