What are the merits and demerits of globalization on developing nations?

Although
globalization
has open the door of the developing countries towards prosperity, along with it has brought few misfortunes which
has
Suggestion
have
to be dealt with.
This
essay
firstly
will talk about the benefits of
globalization
and in the later part will discuss the cons of it.
To begin
with,
globalization
has helped improve
trades
Suggestion
trade
and ties not only with the
neighboring
having a common boundary or edge; abutting; touching
neighbouring
countries but
also
across the
world
. Since the beginning of the global era, nations
started
Suggestion
have started
to participate in bilateral and multi-lateral trades
thus
improving their GDP and growth in revenue.
For example
, developing nation like India are attracting top notch companies of the
world
to come and set-up their branches in India, which will help
in
Suggestion
with
more job productions. Even-though India has been importing goods from other countries, in the recent past its export had risen drastically which consists of products made in India.
On the other hand
, along with
globalization
has
come their side
Suggestion
come to their side
effect which resulted in
loss
Suggestion
the loss
of our traditions as well as culture and people started to glamorize the western
world
, while discontinuing with their thousand year old civilization. As more people started following the western
world
, they became more distant from their own roots.
For instance
, people working in IT companies in India stared celebrating Halloweens and thanks-giving and not focusing towards their own festivals.
Also
a sudden rise in the attitude of
younger generation
Suggestion
the younger generation
younger generations
towards their parents and elders reflects a direct effect of the western culture, if not address in time might be out of control in
future
Suggestion
the future
. To conclude, I would state that
although
globalization
has helped in nation building, but has distant its citizens from its root.
Submitted by Bikash Dutta on

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