Globalisation Disadvantages Essay

Globalisation Disadvantages Essay-44
It results breaking of national barriers and creation of inter-connectedness.

It results breaking of national barriers and creation of inter-connectedness.Globalisation is a composite process through which integration of nation-states across the world can be made by common economic, commercial, political, cultural and technological ties.This would result trickle-down effect to reduce the proportion of population living below the poverty line.

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By the term globalisation we mean opening up of the economy for world market by attaining international competitiveness.

They do not want to include the free flow labour within the parameter of globalisation set by them. Too many have no voice in its design and no influence on its course.” “We wish to make globalisation a means to expand human well being and freedom, and to bring democracy and development to local communities where people live.” But the advocates of the policy of globalisation argue that globalisation would help the underdeveloped, and developing countries to improve their competitive strength and attain higher growth rates.

However, the advocates of globalisation, especially from the developed countries purposely limit the definition of globalisation to only three components, i.e., unrestricted trade flows, capital flows and technology flows.

One of the important characteristics of globalisation is free trade between counties.

It also means absence of excessive governmental control over trade.

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