Throw some light on the positive and negative impacts of globalization on developing countries like India

Highly productive employment in today’s economy will require the learner to constantly manipulate symbols, such as political, legal and business terms, and digital money. Advanced technology has increased the possibility for large industries. Only if its benefits are made broad-based through an inclusive, multi-stakeholder approach, balancing interests of all sections of society, can it achieve its full potential.

To recover from this loss requires a lot of support and every individual has to play its part in conserving the environment. As to prevent the unfavourable environmental problem different laws are enacted but the implementation of these laws is poor. MNC’s considered environment management a trend so includes it in their annual reports but the meaningful approach has not been taken.

• As globalization has its pros and cons depending upon the type of situation of the country.
• Silk Road eventually closed because of the fall of the emperors they were blamed for the closure.
• It is a widely defined word with several connotations to many different people.
• In the cities, Internet facility is everywhere and it is being extended to rural areas also through schemes like Smart Cities Mission.

Initially, globalization gave foreigners access to an inexpensive, robust labor force. But as the country has progressed, the labor force has grown more skilled and educated over time. The many effects of globalization on Indian society and multiple aspects of it have been discussed here.

Throw some light on the positive and negative impacts of globalization on developing countries like India.

Globalization produces an increased quantity of scientifically and technically trained persons. The emerging economy is based on knowledge as a key factor of production and the industries demand the employees remain highly trained in science and technology. Having said so, it is obvious that the impact of globalization has been both positive and negative in the sector of education.

There are more people approaching divorce courts instead of maintaining marital life. Globalization has considerable impact on the religious situation of India. Globalization has brought about raising a population who is agnostic and atheist. Globalization has reduced nationalism and patriotism in country. To summarize, the process of globalization has changed the industrial pattern social life of global people and it has immense impact on Indian trade system. The globalization of the economic, social and cultural structures happened in all ages.

The increasing need for paper leading the way for deforestation, urbanization is also a reason which led to wiping out the flora and fauna from the earth’s surface. Forest in Latin America and Sub -Saharan Africa are also being ravaged. As total damages to the ecosystem would result in an annual loss of USD 68 Billion to the world economy. By the end of the 18th century, https://1investing.in/ Great Britain has started to dominate the world through the establishment of the British Empire and their innovation like Steam Engine, Industrial weaving machines, etc. Many middlemen were involved to get the goods to their destination. Silk Roads were dominated by the two great emperors, most of the time trade was interrupted by the local enemies of Rome or China.

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Effects of globalization in Indian Industry are observed as this process brought in large amounts of foreign investments into the industry especially in the BPO, pharmaceutical, petroleum, and manufacturing industries. As a result, they boosted the Indian economy quite significantly. Also this helped to reduce the level of unemployment and poverty in the country.

“The railways affected the structure of the Indian economy positively as well as negatively.’ Discuss. Developed countries benefitted more from the globalization. Globalisation refers to the process of closer integration of countries across the world and free flow of goods, information and people such that it presents inter-connectedness, with events in one part affecting other parts and vice versa. Farmers are also increasingly dependent on seeds and fertilizers sold by the MNCs. Psychological Impacts;Development of Bicultural IdentityThe development of a hybrid identity, which means that part of one’s identity is rooted in the local culture while another part stems from an awareness of one’s relation to the global world.

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Central Asia, northern China, and the Andes are, particularly at risk. Transportation through sea links also increases the chances of oil spills which affects the water bodies and the marine animals 1,000 large fish and small fish die because of sea pollution. Promoting international understanding, collaboration, harmony, and acceptance to cultural diversity across countries and regions. Global sharing of knowledge, skills, and intellectual assets that are necessary to multiple developments at different levels.

Silk Road eventually closed because of the fall of the emperors they were blamed for the closure. But later during the medieval period – the route was started again. It kept on rising and falling as per the need of the nation. Creating values and enhancing efficiency through the above global sharing and mutual support to serving local needs and growth. Mutual support, supplement and benefit to produce synergy for various developments of countries, communities and individuals. Globalization encourages explorations, experimentation to push the frontiers of the potential of information technologies and communications for more effective learning.

Events in one part of the world have an impact on other parts of the world. Earlier people use to consume those products which were available to them locally but globalization as brought people closer they share their culture, food, traditions. The demand for the product from the international border increased which led to an increase in transportation. The amount of fuel which is consumed for global transportation causes pollution and cause noise and air pollution, as well as to make a way for huge cargos with the shortest route has impacted the landscape of some continent. To avoid traffic in such route several other routes are constructed.

Aspects of Globalisation in India

Globalisation is the process of interaction and integration among people, companies, and governments worldwide. It leads to increasing exchange of people, views, products, ideas and other aspects of culture. The national boundaries tends to get blurred with increasing trend of such exchanges and the world tend to become a “global village”. If globalization positive and negative effects you ask most economists about the impact of globalisation on the world economy, they will echo the same thing that it offers a massive benefit to economies in the world. It achieves this by creating a more efficient market, enhancing competition amongst individual economies, and facilitating an increase in wealth among economies in the world.

In these circumstances, it has became difficult for manufacturers to stand in the market. This would gradually pull down the shutters of Indian entrepreneurs and corporate bodies. In your opinion will the long term benefits of liberalisation exceed its costs? The structures of caste, kinship and family were oriented towards commercial activity and business was carried out within these social structures.

Globalization refers to how the world has become more connected economically, politically, socially and culturally over time. Through globalization Trade, ideas, people, technology, disease, services were shared across the world. The standard of living changed; countries became interdependent. The financial status of the developing and under-developing countries increased. The developed countries brought a new era into the lives of people. The concept of globalization means that the world is getting smaller as well as bigger.

Knowledge sharing and technology transfer between nations have become easier. Foreign goods and brands have entered in Indian market because of liberalised Exim Policy. These are much cheaper than the products manufactured in India.

There are a few challenges for companies due to globalization such as Migration, relocation, labor shortages, competition, and changes in skills and technology. Globalization does have a great effect on the ecologies and environments of nations that need safeguards that lessen the negative effects rather than exploiting them without regard to such concerns. The Indian educational system embraced globalization through Information technology and it offers opportunities to evolve new paradigms shifts in developmental education. Apart, from profit-making, management should give importance to life and a healthy environment.

Women are getting the equal opportunities they very well deserve now in more numbers due to the globalization of the market. Their empowerment has given considerable opportunities and possibilities for improving employment conditions through global solidarity and coordination. It is found that the growth of computers and other technologies enabled women with better waged, flex timings, and capacity to negotiate their role and status in-home and at the corporate level. The hazardous chemical industries should regularly keep an eye on the chemical storage tanks, maintain the temperature and the refrigeration process should be done with due care. The tank which holds the chemicals and the pipes need to be checked regularly change them on a regular interval of time as to avoid the unnecessary circumstances which harm the life of workers, people, and the environment.

There is immense effects observed in educational sector due to globalization such as literacy rate become high and Foreign Universities are collaborating with different Indian Universities. The Indian educational system faces challenges of globalization through Information technology and it offers opportunities to evolve new paradigms shifts in developmental education. The distinction between formal, non-formal and informal education will vanish when move from industrial society to information society takes place. Globalization promotes new tools and techniques such as E-learning, Flexible learning, Distance Education Programs and Overseas training. Listed below are some points that highlight the positive and negative impacts globalization in education has led to.