Wednesday, June 10, 2009

Globalization, who is benefited

The term GLOBALIZATION is a popular word nowadays. Most of us think globalization bringing lots of things to our door step but we don't think that are we benefited from globalization or loosing lot of our integrity. We get less than we loose.
There is a saying that globalization easing free movement of capital, product, service and technology. But in real sense who is becoming benefited from this free movement. Multi national companies (MNCs) investing to least developed countries ( LDCs) as there are a large number of cheap work force is available there, no strict environment law enforcement, cheap raw material sources and highly dense consumer market. Although, rate of unemployment decrease due to new job creation but most industries take advantage of weak environment protection law and aggravate the environmental condition of host country. As raw materials are cheap there, MNCs, for their profit maximization exploit resource base so quickly that resource can not regenerate at that short period of time. Globalization has also cultural aggression on native creed and culture. We watch programme telecast by satellite channel and movies from Hollywood and accumulating exotic culture in our life which influence us to keep away our creed and culture .

1 comment:

  1. ita very good Idea, its true that we don't know really who is the gainer or whats benefit comes from that

    ReplyDelete

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