Globalisation, a catchword today, has connected nations all over the globe resulting in fast global development.
There is a remarkable impact of globalisation on economies of several nations. Liberalisation in trade and business policies has encouraged free trade and has attracted a large number of investors from developed countries to invest in the developing countries. Increased communication flow among the nations is connecting people worldwide and is easing out sharing of information at the corporate level. Globalised transportat. on too has made the movement of goods and people to happen without much of the hassle. Now, even the developing and underdeveloped countries are able to enjoy the benefits of latest technology due to increased technology sharing. Cultural barriers can also seen breaking with increased migration, and the result is "global village effect. " As cooperation has increased, countries also feel it a common responsibility to tackle some giobal issues like pollution, global warming, environmental conservation, terrorism, nuclear weapons and so on. In fact, difficult goals like disarmament and disease-free society also seem achievable when we look at increased global support.
Let us look at its negative side now. With greater economic globalisation, a single sinking economy can badly affect multiple economies. Now, there is a greater risk of diseases getting transported to other nations. The current 'swine flu" pandemic, whose outbreak began in Mexico, has caused a medical emergency to break out in many countries including my own, India. People are also blaming globalisation to be a cause of brain drain and culture loss evident in many countries as East is coming under the influence of West. Corporations also take advantage of weak regulatory system of other nations to work with no pollution control measures.
Globalisation now prevails at a much higher degree, and the results are much obvious. A wise thought would be to take more benefits out of this unpreventable phenomenon keeping up the efforts to minimise its negative impact.
Globalisation
, a catchword
today
, has connected
nations
all over the globe resulting in
fast
global
development.
There is a remarkable impact of
globalisation
on economies of several
nations
.
Liberalisation
in trade and business policies has encouraged free trade and has attracted
a large number of
investors from developed
countries
to invest in the developing
countries
.
Increased
communication flow among the
nations
is connecting
people
worldwide and is easing out sharing of information at the corporate level.
Globalised
transportat
.
on
too has made the movement of
goods
and
people
to happen without much of the hassle.
Now
, even the developing and underdeveloped
countries
are able to enjoy the benefits of
latest
technology due to
increased
technology sharing. Cultural barriers can
also
seen
breaking with
increased
migration, and the result is
"
global village effect.
"
As cooperation has
increased
,
countries
also
feel it a common responsibility to tackle
some
giobal
issues like pollution,
global
warming, environmental conservation, terrorism, nuclear weapons and
so
on. In fact, difficult goals like disarmament and disease-free society
also
seem achievable when we look at
increased
global
support.
Let
us look at its
negative
side
now
. With greater economic
globalisation
, a single sinking economy can
badly
affect multiple economies.
Now
, there is a greater
risk
of diseases getting transported to other
nations
. The
current
'swine flu
"
pandemic, whose outbreak began in Mexico, has caused a medical emergency to break out in
many
countries
including my
own
, India.
People
are
also
blaming
globalisation
to be a cause of brain drain and culture loss evident in
many
countries
as East is coming under the influence of West. Corporations
also
take advantage of weak regulatory system of other
nations
to work with no pollution control measures.
Globalisation
now
prevails at a much higher degree, and the results are much obvious. A wise
thought
would be to take more benefits out of this unpreventable phenomenon keeping up the efforts to
minimise
its
negative
impact.