Most people accept that we now live in a globalised world but not everyone agrees this is beneficial

The world witnessed a lot of diverse developments in the 21st century. One
such
important development is
globalisation
and it has influenced every aspect of life. Many people are excited about living in a globalized world, yet a few people believe that globalization is not beneficial. A careful analysis shows that
globalisation
has both merits and demerits.
Globalisation
offers us a plethora of merits. The most important one among them is the easy availability of services and products. It is because of
globalisation
, the services or products available only in selected countries are now available around the world.
For example
an Apple iPhone gets its motherboard and the phone body manufactured in the USA and China respectively.
This
gets assembled in another
country
where it is sold.
Globalisation
has an additional advantage of increasing the employment opportunities in developing and Underdeveloped countries.
Globalisation
also
helps to reduce the price of products by getting them manufactured in countries where the labour cost is low. On the flip side, the negative aspects of
globalisation
cannot be wished away / cannot be overlooked. It interferes with the tradition, culture and the way of living of a
country
in which it is implemented.
Globalisation
enables multinational companies to exploit the natural resources of poor countries. To consider an example, beverage companies established in India have their presence in river beds. They consume gallons of water and affect the agricultural activity, which is the backbone of the
country
.
Therefore
globalisation
alters the existing activity in a
country
to bring in a new service. To recapitulate, even though
globalisation
has become essential for the ease of living, it
also
endangers the way of life in many countries.
Submitted by VAMSHIDHAR on

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