Globalization is not harmful in 3rd world countries

Globalization is a two way street and if, now, it helps at least, a section of youth in India and helps India’s and other 3^rd world countries/ developing country’s economic growth, it should be welcomed. An open world trading system is generally a positive contribution to economic prosperity. It increases living standards both at home and abroad. In the late 1980’s the rich countries were telling the developing nations to go in for globalization, all in an excited bid to exploit the low cost advantages available in the 3^rd world countries. The developing nations never imagined that one-day globalization would recoil on them to the advantage of the developing nations to whom they were keen to sell the idea of globalization.

It is just sheer cold logic if companies can get things done at a lower cost in countries like India where they can engage skilled hands at far lower wages what is wrong with it? Business and profit need not be associated with patriotism. Why do our IIT-ians go global and more particularly to USA? For better opportunities abroad! Not that they love their country less.

Let us take example of call centers, which have been hiring youths by thousands for the past 5 years. India’s low wage, English-speaking workforce is attracting foreign firms. Good English and even a gift at learning accents have made Indians popular for manning call centers serving Britain, USA and Australia.

The world has realized that India is competitive not only in brainpower but even in manufacturing. We have already emerged as a leader in low-end manufacturing and our market share has overtaken that of China. Indian products are now being sought worldwide.

Globalization, in fact, provides large-scale job opportunities and help the economy flourish due to increased market and trade relations.

Now let us focus our attention to the social life. The Indian roads are conquered with imported cars and other modes of transportation, which reflect the luxurious life style of people. We find people showing off their mobile phones and other branded electronic appliances as a symbol of luxury and high life style. These are all gifted products of the evolution of globalization. Had there been no globalization, then there would have been no formation of UN, UNICEF, International Summits, Peaks, International film festivals, World cups, Common Wealth Games, etc. our life would have remained in a limited circumference totally aloof, isolated and unaware of the developments and achievements of the other world.

Education has also marked a great change in point of development through contacts with other nations. Our own educational level has been raised to the equal international standards. Giving an equal opportunities and knowledge of know-how to the student fraternity worldwide.

Thus I would like to conclude that globalization has changed the mindset of the people all over the world as in terms of broadening their mental level, by giving a positive an d optimistic over view. Globalization, in all fields, is an essential feature and should be encouraged than suppressing it.