Dear Friends,
Here is the new topic for the Group Discussion!
"Is Globalization Necessary for Developing Countries?"
The winner will be awarded a cash prize of Rs. 50 and the Runner-up Rs. 25 along with 50 points each.
All participants who post at least three valid replies will be awarded 50 points in the Group Discussion. The Replies should be in a constructive manner either opposing or supporting the topic.
See link for more information and rules of the contest:
http://www.boddunan.com/forums/3-contests-a-rewards/3854-introducing-the-new-contest-group-discussion.html#3854
All the best everyone!
20 Replies
As how a coin has head and tail even this Globalization has pros and cons with respect to Developing countries.
Due to globalization, the domestic companies has to compete in the international market, which will enhance their skill set and their technology will be upgraded by looking into their foreign counterparts.
Also in order to compete in the global market, the domestic companies will push hard to become more competitive which will certainly boost our Indian economy too.
There is another school of thought,
As the country is still developing, is it beneficial for the domestic companies without establishing themselves in the developing market, going and competing in the international arena...this may eventually lead to domestic companies being thrown out of the competition, as the well established players will also enter the developing country's market with their skills and advanced strategies..
Due to globalization, the domestic companies has to compete in the international market, which will enhance their skill set and their technology will be upgraded by looking into their foreign counterparts.
Also in order to compete in the global market, the domestic companies will push hard to become more competitive which will certainly boost our Indian economy too.
There is another school of thought,
As the country is still developing, is it beneficial for the domestic companies without establishing themselves in the developing market, going and competing in the international arena...this may eventually lead to domestic companies being thrown out of the competition, as the well established players will also enter the developing country's market with their skills and advanced strategies..
Topic: "Is Globalization Necessary for Developing Countries?"
I agree with what Natraj put forward.The domestic companies will have to compete with international competitors is a merit as well as demerit.Merit is that it will improve itself.Demerit is that it may not survive some times.
But I think globalisation is necessary for economical development of a country.The trends of one countries market will not be that of another country.For example in a country like India where the population is very high Life Insurance has great chances.Earlier it was done by LIC of India only and people enjoyed only minimum benefits.But by globalisation many companies came to India realising India's potential in this regard which eventually became an advantage to people of India.Now they have a number of companies to select with different types of policies with different advantages.This foreign companies has to put some investment also to enter the Indian market which will boost the economy of country also.
I agree with what Natraj put forward.The domestic companies will have to compete with international competitors is a merit as well as demerit.Merit is that it will improve itself.Demerit is that it may not survive some times.
But I think globalisation is necessary for economical development of a country.The trends of one countries market will not be that of another country.For example in a country like India where the population is very high Life Insurance has great chances.Earlier it was done by LIC of India only and people enjoyed only minimum benefits.But by globalisation many companies came to India realising India's potential in this regard which eventually became an advantage to people of India.Now they have a number of companies to select with different types of policies with different advantages.This foreign companies has to put some investment also to enter the Indian market which will boost the economy of country also.
Ya as Abid pointed out, it definitely increases our economic growth rate.
But there is one more problem too, for the government..Before globalization, Every time if some economic factors has a negative impact on the economic growth of the country, the government can put some policies to bring back the economy in right track. But now due to the globalization, the governments have lost their dominance in the progress of the country's economy, as the economy of the country is dependent on the international market due to globalization and because of the interdependence on other economies, the government policies will not be able to control the dynamics of the economy of the country..
But there is one more problem too, for the government..Before globalization, Every time if some economic factors has a negative impact on the economic growth of the country, the government can put some policies to bring back the economy in right track. But now due to the globalization, the governments have lost their dominance in the progress of the country's economy, as the economy of the country is dependent on the international market due to globalization and because of the interdependence on other economies, the government policies will not be able to control the dynamics of the economy of the country..
nataraj wrote:
[quote]
But there is one more problem too, for the government..Before globalization, Every time if some economic factors has a negative impact on the economic growth of the country, the government can put some policies to bring back the economy in right track. [/quote]
What are the economic factors that has a negative impact on our economic growth?
[quote]
But there is one more problem too, for the government..Before globalization, Every time if some economic factors has a negative impact on the economic growth of the country, the government can put some policies to bring back the economy in right track. [/quote]
What are the economic factors that has a negative impact on our economic growth?
According to me Globalisation is the need of the hour for every developing country.
For every developing country it is must that their activities are globalized. If their are no new companies and MNC's of other countries set up in a country which is developing then their will be very big problem of unemployment.
For every developing country it is must that their activities are globalized. If their are no new companies and MNC's of other countries set up in a country which is developing then their will be very big problem of unemployment.
nataraj wrote:
[quote]The economic factors can be inflation or deflation, Exchange rates, recession or depression...[/quote]
Nataraj, They were the problems that existed and still existing.Before globalisation we heard about inflation only.Now we hear the news of both inflation and deflation.Exchange rates also were very poor regarding Indian Currency.Now the conditions have been changed.So will you say it is not due to globalisation.Really they are the impacts of globalisation.
[quote]The economic factors can be inflation or deflation, Exchange rates, recession or depression...[/quote]
Nataraj, They were the problems that existed and still existing.Before globalisation we heard about inflation only.Now we hear the news of both inflation and deflation.Exchange rates also were very poor regarding Indian Currency.Now the conditions have been changed.So will you say it is not due to globalisation.Really they are the impacts of globalisation.
Good topic to discuss!
well globalisation is the way to proceed over the ladder of the success thats gives the feeling of competition and that change changes the human living standard,take an example,britishers if not came to us we were could not be as much developed as now we are & that change creates a change which changed our lives.
remember the one thing that is constant is "change".
The current globalization processes bring both good and bad points:
good points:
#increase in trade
#inter-cultural communication
#new economic opportunities
#increase in international bussiness
bad points:
we have also globalized
#crime
#terrorism
#drugs
#arms trading
#prostitution
#child labour
globalization is necessary for our country to develop.but we should also think, due to globalisation only we are forgetting our indian culture.its good to move forward but it should not be on the cost of sacrifising our indian culture.
Abid!
deflation,exchange rates recession !
well if we define globalization then it is the "integration of world economies and societies" globalization is one of the reason that per capita income of our counrty has gone up. with our economy growing at a pace of 7.2 % even during recession year, we cant say that globalization in hampering our nation. Foreign direct investment has generated employment in our country and hence we can see that globe has just made us sound enough in this competitive world.
well globalisation is the way to proceed over the ladder of the success thats gives the feeling of competition and that change changes the human living standard,take an example,britishers if not came to us we were could not be as much developed as now we are & that change creates a change which changed our lives.
remember the one thing that is constant is "change".
The current globalization processes bring both good and bad points:
good points:
#increase in trade
#inter-cultural communication
#new economic opportunities
#increase in international bussiness
bad points:
we have also globalized
#crime
#terrorism
#drugs
#arms trading
#prostitution
#child labour
globalization is necessary for our country to develop.but we should also think, due to globalisation only we are forgetting our indian culture.its good to move forward but it should not be on the cost of sacrifising our indian culture.
Abid!
deflation,exchange rates recession !
well if we define globalization then it is the "integration of world economies and societies" globalization is one of the reason that per capita income of our counrty has gone up. with our economy growing at a pace of 7.2 % even during recession year, we cant say that globalization in hampering our nation. Foreign direct investment has generated employment in our country and hence we can see that globe has just made us sound enough in this competitive world.
Sajeetharan,
You told it well.But I think the progress of our country India had dependance on many more factors.When recession trembled all the countries our country kept in a balanced level.Actually if globalisation was in full swing it should have affected our country also. But the economic policy that the central government follows for a long period had nullified the recession effect.
So I think globaisation as practiced by India is good for all the developing countries.
@Kalyani,
the topic seems a small confusion when read in two tones!It seems to be
1)Is Globalization Necessary for Developing Countries?(that is for development of a country)
2) Is Globalization Necessary for Developing Countries?(that is whether it is must for the countries named developing countries)
Which one you meant?
You told it well.But I think the progress of our country India had dependance on many more factors.When recession trembled all the countries our country kept in a balanced level.Actually if globalisation was in full swing it should have affected our country also. But the economic policy that the central government follows for a long period had nullified the recession effect.
So I think globaisation as practiced by India is good for all the developing countries.
@Kalyani,
the topic seems a small confusion when read in two tones!It seems to be
1)Is Globalization Necessary for Developing Countries?(that is for development of a country)
2) Is Globalization Necessary for Developing Countries?(that is whether it is must for the countries named developing countries)
Which one you meant?
@ Sajeetharan ,
Very well wrote i must say, you are right globalisation has also globalized bad things like crime,terrorism,prostitution etc which is not good. Seeing that globalisation gives more benefits then some of its harmful things it causes it is must that every country must get globalised.
friends if there is more globalisation then in future there there may be no problem in any country as all countries will start helping each other. In future it may be that governments of different countries may unite and help to eradicate problems that are happening in the world.
Very well wrote i must say, you are right globalisation has also globalized bad things like crime,terrorism,prostitution etc which is not good. Seeing that globalisation gives more benefits then some of its harmful things it causes it is must that every country must get globalised.
friends if there is more globalisation then in future there there may be no problem in any country as all countries will start helping each other. In future it may be that governments of different countries may unite and help to eradicate problems that are happening in the world.
Globalisation is very much important for an upcoming country like India. It not only helps improve the economy of a country but also plays a major role in enhancement of the technology and trade.
It is only because of the technology enhancement we are able to share our thoughts in this forum. Remember the good old days when doves were used to send information from one place to other. It is only because of globalisation we learn things from developed countries too.
And also it is only due to globalisation all countries get together to fight common diseases like swine flu.
It is only because of the technology enhancement we are able to share our thoughts in this forum. Remember the good old days when doves were used to send information from one place to other. It is only because of globalisation we learn things from developed countries too.
And also it is only due to globalisation all countries get together to fight common diseases like swine flu.
Abid!
The topic must be on s Globalization Necessary for Developing Countries?(that is for development of a country).
Actually if globalisation was in full swing it should have affected our country also. But the economic policy that the central government follows for a long period had nullified the recession effect.
Yes , globalisation is necessary because it can increase our economic factor in which India wants to increase our life style not only in technical side.
#but also in business world, agriculture field etc.
#In agriculture field I think their is backwardness in India because not sufficient avaiability of land.
If we achieve the globalisation in India for agriculture we can increase the ecnomic growth of our Indian FARMERS. Which is necessary .
So,definitely globalization is a very important and significant aspect as it has increased d connectivity.today evry thing is at our hand.it has increased the interchange of not only various goods but also our culture,our thoughts.
easy visa n transport facilities has made easier to take education in different nations.enhanced information systems through internet n satellite common are d best consequences of globalization.
The topic must be on s Globalization Necessary for Developing Countries?(that is for development of a country).
Actually if globalisation was in full swing it should have affected our country also. But the economic policy that the central government follows for a long period had nullified the recession effect.
Yes , globalisation is necessary because it can increase our economic factor in which India wants to increase our life style not only in technical side.
#but also in business world, agriculture field etc.
#In agriculture field I think their is backwardness in India because not sufficient avaiability of land.
If we achieve the globalisation in India for agriculture we can increase the ecnomic growth of our Indian FARMERS. Which is necessary .
So,definitely globalization is a very important and significant aspect as it has increased d connectivity.today evry thing is at our hand.it has increased the interchange of not only various goods but also our culture,our thoughts.
easy visa n transport facilities has made easier to take education in different nations.enhanced information systems through internet n satellite common are d best consequences of globalization.
Abid wrote:
[quote]@Kalyani,
the topic seems a small confusion when read in two tones!It seems to be
1)Is Globalization Necessary for Developing Countries?(that is for development of a country)
2) Is Globalization Necessary for Developing Countries?(that is whether it is must for the countries named developing countries)
Which one you meant?[/quote]
Abid, Sajeetharan, the term Developing Countries is used to refer to the countries that are still developing economically! Asian, African countries for eg. The second option, Abid!
Trust the topic is now clear and there is no confusion.
[quote]@Kalyani,
the topic seems a small confusion when read in two tones!It seems to be
1)Is Globalization Necessary for Developing Countries?(that is for development of a country)
2) Is Globalization Necessary for Developing Countries?(that is whether it is must for the countries named developing countries)
Which one you meant?[/quote]
Abid, Sajeetharan, the term Developing Countries is used to refer to the countries that are still developing economically! Asian, African countries for eg. The second option, Abid!
Trust the topic is now clear and there is no confusion.
Also, as sajee mentioned world trade and cultural exchange are also gaining growth due to globalization.Now a days, cultural exchange programs are conducted all over the world.This is a golden opportunity for every human to understand other nation's history and culture.Globalisation also has an impact on food and fashion.
Not to forget about the export and import too. Globalisation has also increased exports and imports of a coutry.Imagine we started with barter system and now the world trade has reached heights.This is all because of globalisation.
Not to forget about the export and import too. Globalisation has also increased exports and imports of a coutry.Imagine we started with barter system and now the world trade has reached heights.This is all because of globalisation.
Good that Everyone is opting the same!
Well some other points would like to include are,
its measurable aspect are:
1.Exchange of products and services across national boundaries
increased.
2.There are big branded companies like nokia,mcdonald's & coco cola offer standardizes products.
3.international culture exchage ,the exchange of hollywood n Bollywood movies.Hope many will accept this point
4.world wide sporting events like FIFA WORLD CUP & OLYMPICS GAMES
ITS DARK SIDES are:
1.transaction & delivery of weapons,illegal products like heroine etc
2. terrorists various attacking activities
3.we are becoming modernized but our Indian culture is in danger.
Every action has equal and opposite reaction. When it comes to globalization it has more merits than demerits!
Well some other points would like to include are,
its measurable aspect are:
1.Exchange of products and services across national boundaries
increased.
2.There are big branded companies like nokia,mcdonald's & coco cola offer standardizes products.
3.international culture exchage ,the exchange of hollywood n Bollywood movies.Hope many will accept this point
4.world wide sporting events like FIFA WORLD CUP & OLYMPICS GAMES
ITS DARK SIDES are:
1.transaction & delivery of weapons,illegal products like heroine etc
2. terrorists various attacking activities
3.we are becoming modernized but our Indian culture is in danger.
Every action has equal and opposite reaction. When it comes to globalization it has more merits than demerits!
Globalisation has made the world so small.Technology advancement is a boon to mankind. It never allows us to miss our near and dear ones. We can always be in touch with each other, no matter how far they are.All these technology advancements are due to Globalisation.
Standard of living, health, job opportunitites, exposure,technology,investments,finance all fields prosper due to globalisation.
Globalisation is appreciable as long as we as a country dont loose our individuality and originality.
Standard of living, health, job opportunitites, exposure,technology,investments,finance all fields prosper due to globalisation.
Globalisation is appreciable as long as we as a country dont loose our individuality and originality.
Globalisation has made the world so small.Technology advancement is a boon to mankind. It never allows us to miss our near and dear ones. We can always be in touch with each other, no matter how far they are.All these technology advancements are due to Globalisation.
Not exactly ! You have summed up all the points which i have told before!!
Globalisation brought the whole world under one roof. Where China is also opening his door for the world, many african countries are also understanding the importance of globalisation. India, ofcourse the most beneficiary of globalisation, is still ahead of others in race of importing bussiness opportunity in field of ITES and BPOs but current downfall had warned us that the basic element of economy is Manufacturing/Infrastructure, in which India is still lagging. The point I want to submit here is that the globalisation should be a way of learning, sharing knowledge but it shouldn't make us dependent of others.
Globalization as far as think is the exposure of a country and its resources to the outer world.Globalization can help a country and its people in many ways, like the businessmen of the remaining world invest in our country and which will lead towards the economic growth of our country.Also this results in lot of new jobs which will in turn decreases the unemployment in our country which is one of the major concern.This will also give our businessmen a chance to sell their product in the outer world and we will also get benefits of their cheap and qualit products. :dry:
Not exactly ! You have summed up all the points which i have told before!!
Globalisation brought the whole world under one roof. Where China is also opening his door for the world, many african countries are also understanding the importance of globalisation. India, ofcourse the most beneficiary of globalisation, is still ahead of others in race of importing bussiness opportunity in field of ITES and BPOs but current downfall had warned us that the basic element of economy is Manufacturing/Infrastructure, in which India is still lagging. The point I want to submit here is that the globalisation should be a way of learning, sharing knowledge but it shouldn't make us dependent of others.
Globalization as far as think is the exposure of a country and its resources to the outer world.Globalization can help a country and its people in many ways, like the businessmen of the remaining world invest in our country and which will lead towards the economic growth of our country.Also this results in lot of new jobs which will in turn decreases the unemployment in our country which is one of the major concern.This will also give our businessmen a chance to sell their product in the outer world and we will also get benefits of their cheap and qualit products. :dry:
Sajee as you said the globalization has increased the connectivity and everything are in our hand today.. But we should not forget that, MNC's come to India mainly due to low wages which is not possible in the developed world.. In one way Indians are made to work more than the westerners with less salary, which is not good for our country on long run..It would have been better if India had developed strong domestic market before globalization so in order to get competitive edge, MNC's would have had to pay more to attract more skilled persons..
But we should not forget that, MNC's come to India mainly due to low wages which is not possible in the developed world.. In one way Indians are made to work more than the westerners with less salary, which is not good for our country on long run..
Globalization brings countries together! You know what we can achieve if we are united! B)
Nataraj! You must Feel happy more MNC's in India Are because of Globalization.well the system has to improve.take for example india.funds are flowing in,policies are being framed etc but that they are not being implemented properly is not globalisations fault is it?the positive effects of globalization are not being allowed to reach the grassroot section.the government,the system and we have to see to it that it does.all i am tryin to say is that globalisation is here to stay.
Globalization brings countries together! You know what we can achieve if we are united! B)
Topic Author
K
Kalyani Nandurkar
@kalyani
Topic Stats
Created
Thursday, 02 September 2010 10:13
Last Updated
Tuesday, 30 November -0001 00:00
Replies
0
Views
11.2K
Likes
0