Marine products in recent years have emerged as the single largest contributor to the total agricultural export form the country accounting for over one fifth of the total agricultural exports. There must be ways to make sure that all countries profit from the good sides of globalization. The problem is that India is beginning to lose its culture identity. The abolition of barriers may generate more wealth and theoretically raise the standards of living in the global economy. Worldwide fads and pop culture such as PokÃ©mon, Sudoku, Numa Numa, Origami, Idol series, YouTube, Orkut, Facebook, and MySpace. Global marketing has lowered the cost of marketing as there exists a uniformity in selling the products.
Globalization is the system of international integration that often arises from the interchange of world products, views, ideas, and some aspects of culture. Foreign portfolio investment also added buoyancy to the Indian capital markets and Indian corporate began aggressive acquisition spree overseas, which was reflected in high volume of outbound direct investment flows. Poor countries in the Third World may have to cut down more trees so that they can sell wood to richer countries. The evident difference between countries is disappearing. About 60% of the Indian soil is arable. People are therefore ready to shell out extra money for a product that may be available at a lower price.
Ecological disadvantages of global warming. This can put smallercompanies, at a disadvantage as they do not have resources tocompete at global scale. Some section of people in India that are poor do not get benefit of globalization. It has advantages and disadvantages, and these things will not disappear. Most people see speedy travel, mass communications and quick dissemination of information through the Internet as benefits of globalization. This is simply a romanticized view of what is actually happening.
Too many have no voice in its design and no influence on its course. This was despite the fall in the growth rate of labour force from 2. With the disadvantages of it, many people today are not happy primarily on the health issues and other negative things that affects in their everyday living. It also provides poor countries, through infusions of foreign capital and technology, with the chance to develop economically and by spreading prosperity, creates the conditions in which democracy and respect for human rights may flourish. Obviously, competition between a developing country and developed countries can hardly be on a level-playing field, whatever the so called safeguards and assurances.
Jan Aart Scholte Globalization refers to all those processes by which the peoples of the world are incorporated into a single world society, global society. Globalization integrates trade, technology, investments, and the mobile factors of production like labor and capital. The domestic software industry has also increased its business from Rs 4,950 crore in 1998-99 to Rs 11,634 crore in 2001-02. Globalization has given rise to more health risks and presents new threats and challenges for epidemics. The Internet gives them the chance of reaching more customers around the world.
All of these are the bad influence of the globalisation. Producers familiarize their products and services according to the requirements of various economies thereby tapping the untapped markets. The interconnectedness of these markets, however meant that an economic collapse in any one given country could not be contained. But these socialistic promotional policy measures, in many cases resulted in protection of weak units rather than the independent growth of units under competitive business environment Nyati, 1988. Arguably this is a technological change with the advent of fibre optic communications, satellites, and increased availability of telephone and Internet. The proportion of fatal accidents is very high with some of the causes of serious injuries and deaths being crushes under collapsing structures, electrocution, and being buried under mud Menon 1999.
Important information can be shared at a very fast rate between individuals and companies. Multinational corporations are accused of social injustice, unfair working conditions including slave labor wages and poor living and working conditions , as well as a lack of concern for the environment, mismanagement of natural resources, and ecological damage. Amenities like schools, hospitals, and other public conveniences will be developed for the betterment of the public. But if both the manufacturers want to sell their car in a third country then it must have a global appeal. This process is a combination of economic, technological, sociocultural and political forces.
It results breaking of national barriers and creation of inter-connectedness. Culture, European Union, Globalization 1560 Words 4 Pages The Reality of Globalization: Friend or Foe? Today, as a matter of fact, any country or nation is facing the challenge of the world economic globalization. Each of these three pillars are positively affecting the economies directly, but are negatively affecting the social aspects of a country. Create an environment for capital flows and inter-state investment. This can also be attributed to the fact that when workers in a country begin to demand better wages, companies move production facilities from one place to another to find cheaper labour.
Martin Albrow 1 The idea of. Limits Cultural Expressions Globalization imposes threat to mass media being controlled by huge corporations. It is possible that when a product is the leader in its field, the company may begin to exploit the consumers. The phrase globalization consists of all types of economic and cultural movement in the world; this includes control of the media and wide-ranging use of the Sindzingre, 2005. Due to the market becoming worldwide, companies in various industries have to upgrade their products and use technology skillfully in order to face increased competition. No longer does one find limited number of commodities available.
We do have many examples in history wherein outbreak of a particular disease happened in some part of the world, and before we could realize it spread throughout the world. The rich biodiversity of India has yielded many healthy foods prepared from locally available entities. This shows how the access to foreign markets by Indians is growing slowly as compared to the entry of foreigners in our domestic market. We need the government to develop a plan to begin to balance our trade deficit even though this is not a political priority in either party. Impact of globalization on education in India There is immense effects observed in educational sector due to globalization such as literacy rate become high and Foreign Universities are collaborating with different Indian Universities.