globalisation neccessary???
@arunkrishnan005 (262)
India
November 30, 2009 12:03pm CST
Globalization describes an ongoing process by which societies and culture have become integrated through a global spanning network of communication.In economic terms it refers to integration of national economies with the international ecomies by trade,capital flows migration etc..
Is globalization a neccessary????
2 responses
@xfahctor (14118)
• Lancaster, New Hampshire
30 Nov 09
Only to a minor extent. We can not avoid certain things, like the connection of cultures and markets and people, but, that is as far as it should go. I for one will never allow my country to become subserviant to international governence. I will never allow my government to sign on to treaties that violate our constitution, my state laws or my state constitution. I will never allow the U.N. any authority over my life, my state or my country. Nor will i recognize any other laws to be enforced on my own soil other than those of my country, my state and our state and national constitutions.
The idea that globalization leads to economic prosperity for all is a myth, a flawed utopian ideal. It only leads to the pverty of all. Spreading wealth doesn't raise the standards of nations, it lowers them to the same level as others around them, creating only the illusion of improvement. ALthough it is a beautifull ideal, wealth for all, it is not achievable. Creating more money only leads to devaluing that money, rather than increasing wealth.
@nishantparmar (242)
• India
30 Nov 09
Yes Globalisation is necessary, for an economy to grow.
Globalisation refers to the integration of economic, technological,
socio-political factors with the world. And with globalisation, with
the mutual co-operation and assistance -particularly with reference to
the law of comparative advantage- it is going to be beneficial.
Globalisation also helps reducing the poverty level in the
country-there are plenty of evidences and record to support
it.Developing countries specially require globalization. Because
Indians are very rich in resources of skilled manpower.So Other
countries are interested to invest in India.We don't have that much
funds/money to make very huge industries or developments.There is no
shame to invite other countries for investing.lot of advantages are
there..employment,infrastructure development,tourism , foreign exchange
and etc..Even America would be nowhere if globalisation was an
imaginary concept never put forward. Half the world's countries would
be reeling in depression right now if not for globalisation. For
example, petroleum, most countries are on the verge of depleting their
entire reserves and some countries don't have it at all. Seeing this if
not for globalisation the entire world would be left crippled due to
the massive energy crisis facing them. While globalisation is necessary
it is not sufficient to ensure communities gain from globalisation. To
keep and spread the gains,government must not only reduce barriers to
trade and investment, they must also get domestic policies right. Many
people may think that globalisation is making poor countries poorer.
However the evidence is very convincing that developing countries that
globalise grow and reduce poverty level faster than those that do not.
For example, recent study of 72 developing countries shows in the
1990's globalising developing economies real incomes and output grew
faster, on average about 4 times faster, than inward looking economies'
output.....