Group discussion contest - 13

[HELP]

Todays Topic :





" Globalisation - Advantages & Disadvantages "





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http://economics.about.com/od/global...de/l/aaglobali zation.htm






Edited by: HELP

[BINNY]

Globalisation has many advantages for developing and developed countries. But, this has lead to a great dissatisfaction among the under developed/developing countries . Though Liberalization has many impacts on any country's economy , it has increased the per capita income .

Due to globalisation the business market in the world has no boundries , they can market their products in any part of the world. This has improved the chanses of laying hands on global markets & technologies which would definitely inrease our Quality of Living Standards .

But globalization has lead to a major dissatisfaction among under developed/developing countries where they are cut off from the rest of the world. This has also increased the chanses of inferiority complex among these nations .

[img]smileys/smiley2.gif[/img] BINNY [img]smileys/smiley17.gif[/img]

[sowmya571]

hello



" Globalisation - Advantages & Disadvantages "




The Era of Globalization" is fast becoming the preferred term for
describing the current times. Just as the Depression, the Cold War Era,
the Space Age, and the Roaring 20's are used to describe particular
periods of history; globalization describes the political, economic,
and cultural atmosphere of today.



People around the globe are more connected to each other than ever
before. Information and money flow more quickly than ever. Goods and
services produced in one part of the world are increasingly available
in all parts of the world. International travel is more frequent.
International communication is commonplace. This phenomenon has been
titled "globalization." These rae major advantages of gloabalisation




While some people think of globalization as primarily a synonym for global business, it is much more than that.
The same forces that allow businesses to operate as if national borders did not exist also allow social activists, labor
organizers, journalists, academics, and many others to work on a global
stage.



There is a fundamental problem
with globalisation which will cause international tension and trade
disputes without arresting the process.



The problem is the irrational nature of the global
market, coupled with the extreme vulnerability of the poorest and
most marginalised in emerging economies to sudden changes in exchange,
interest rates, or big investment decisions. Globalisation
therefore can sometimes be destabilising.



Everyone sells when the
price is already rock-bottom You can have a bizarre situation where everyone privately
thinks that the currency is already too low, but continues to sell
hard only because they are certain that everyone else thinks the
currency still has further to fall. Rates fall through the floor
in a mass wave of panic selling, as dealers dump currency in the
near certain knowledge that they can buy it back at a profit in
a few minutes, hours or days.



well it has got tremendous benifits as well as its own pitfals



bye



sowmya

[suji]

hi friends

Globalisation - Advantages

Some Advantages r

Increased free trade between nations

Increased liquidity of capital allowing investors in developed nations to invest in developing nations

Corporations have greater flexibility to operate across borders

Global mass media ties the world together
Increased flow of communications allows vital information to be shared between individuals and corporations around the world
Greater ease and speed of transportation for goods and people

Reduction of cultural barriers increases the global village effect

Spread of democratic ideals to developed nations

Greater interdependence of nation-states

Reduction of likelihood of war between developed nations

Increases in environmental protection in developed nations

bye
suji

[suji]

hi..

Globalisation Disadvantages

Some Disadvantages

Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor

Increased likelihood of economic disruptions in one nation effecting all nations

Corporate influence of nation-states far exceeds that of civil society organizations and average individuals

Threat that control of world media by a handful of corporations will limit cultural expression

Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage

Greater risk of diseases being transported unintentionally between nations

Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity

International bodies like the World Trade Organization infringe on national and individual sovereignty

Increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources



Decreases in environmental integrity as polluting corporations take&n bsp; advantage of weakregulatory rules in developing countries


bye..


suji

[keerthi]

hi suji,


Can u explain the exact concept of globalisation in simple terms.I am very much confused about this topic.

[sowmya571]

hello keerthi



its simple making things global presence .. well examples are
stting up MNC in abroad is going global ... and also u take of exports
thatz also one way ..well all these lead to some advatanges and
disadavantages like



It creates employeement opportunities to that country people

It alos has investment options these are some of them



similarly it also has disadvantages like



Well they wd be utilizing the skilled labour here
and also wat ever the profits they get ..that wd be counted in their
country



thatz all



bye



sowmya