The development of communication amenities like high-speed internet, made possible to access the world in a mouse click. Some opine that the upward trend of business deals and cultural exchange programs would benefit the individual nations. Where as the former group advocate that this may degrade the national identity of the countries. Both the statements possess their own merits and a detailed discussion is necessary before framing a logical conclusion.
On the one hand, the group which favours the trend gives their reasons as, the rise in the commercial communications and the cultural exchange among countries leads to globalization. To be clearer, the increased intra country business deals would help the investors to know the individual markets better, which eventually help them to better plan their business strategies. For example, Chinese electronics giants are producing more budget friendly smart phones which is best suit for a developing nation like India. Furthermore, increased business relationship with other nations would create the opportunity to market the indigenously produced products in a global market, it further develops the economical status of the nation. In addition, the exchange of cultures helps the individuals to get familiar with different cultures in world, this would reduce the chances for cultural shock when someone visits another country. For instance, many students pursue their higher education in foreign nations, a prior exposure to the specific cultures would help them to easily acclimatize with the new culture.
On the other hand, the former group which oppose the trend, state following reasons to substantiate their argument, Firstly, the increased cultural exchange and business communications might degrade the cultural identity of individual nations. For example, nowadays a greater number of people are switching to western clothing and food habits. Finally, globalization and import of foreign goods would disrupt the market of locally produced goods. A study shows that the average price of indigenously produced rubber got reduced my half due to the import of low-cost Malaysian rubber.
To conclude, although there are some drawbacks for the trend, because of the aforementioned reasons I opine that this is a positive development
The development of communication amenities like high-speed internet, made possible to access the world in a mouse click.
Some
opine that the upward
trend
of
business
deals and
cultural
exchange
programs would benefit the
individual
nations
.
Where as
the former group advocate that this may degrade the national identity of the
countries
. Both the statements possess their
own
merits and a detailed discussion is necessary
before
framing a logical conclusion.
On the one hand, the group which
favours
the
trend
gives their reasons as, the rise in the commercial communications and the
cultural
exchange
among
countries
leads to globalization. To be clearer, the increased
intra
country
business
deals would
help
the investors to know the
individual
markets better, which
eventually
help
them to better plan their
business
strategies.
For example
, Chinese electronics giants are producing more budget friendly smart phones which is best suit for a developing
nation
like India.
Furthermore
, increased
business
relationship with other
nations
would create the opportunity to
market
the
indigenously
produced products in a global
market
, it
further
develops the
economical
status of the
nation
.
In addition
, the
exchange
of cultures
helps
the
individuals
to
get
familiar with
different
cultures in world, this would
reduce
the chances for
cultural
shock when someone visits another
country
.
For instance
,
many
students pursue their higher education in foreign
nations
, a prior exposure to the specific cultures would
help
them to
easily
acclimatize with the new culture.
On the other hand
, the former group which oppose the
trend
, state following reasons to substantiate their argument,
Firstly
, the increased
cultural
exchange
and
business
communications might degrade the
cultural
identity of
individual
nations
.
For example
, nowadays a greater number of
people
are switching to western clothing and food habits.
Finally
, globalization and import of foreign
goods
would disrupt the
market
of
locally
produced
goods
. A study
shows
that the average price of
indigenously
produced rubber
got
reduced
my half due to the import of low-cost Malaysian rubber.
To conclude
, although there are
some
drawbacks for the
trend
,
because
of the aforementioned reasons I opine that this is a
positive
development