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
to be dealt with. Suggestion
have
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
and ties not only with the Suggestion
trade
neighboring
countries but having a common boundary or edge; abutting; touching
neighbouring
also
across the world
. Since the beginning of the global era, nations started
to participate in bilateral and multi-lateral trades Suggestion
have started
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
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.
Suggestion
with
On the other hand
, along with globalization
has come their side
effect which resulted in Suggestion
come to their side
loss
of our traditions as well as culture and people started to glamorize the western Suggestion
the loss
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
towards their parents and elders reflects a direct effect of the western culture, if not address in time might be out of control in Suggestion
the younger generation
younger generations
future
.
To conclude, I would state that Suggestion
the future
although
globalization
has helped in nation building, but has distant its citizens from its root.Submitted by Bikash Dutta on
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