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Monday, January 27, 2020

‘Globalisation stimulates new thinking’

Globalisation is the process in which different countries trade their goods with each other to improve their economy.

| Published: October 7, 2014 1:06:44 am


What is globalisation? Does this mean that all countries of the world are becoming the same? With globalisation, companies have forayed into the developing countries and hence generated employment for them. But it can turn out to be either good or bad, depending on the point of view you wish to see it from. A lot of companies have invested a lot of money just to develop the country. There are many exporters that bring things and execute it to the companies. The world that we live in today is a result of several cultures coming together.

As a result it is resulting wonderful because women are acquiring equal rights in education. A person living in India can go to another continent for a new experience which he may not find in his own country. Our countries are becoming the same hence, it is resulting marvelous for the Indian society.

Arjun Khanna
Mira Road

Globalisation is the process in which different countries trade their goods with each other to improve their economy.

There are many advantages of globalisation. The manufacturers aim to develop new markets to increasetheir profits. As a result the manufacturers strive to improve their technology to reach the international levels in turn benefiting the consumer.

Today several international brands are available in the Indian market at reasonable prices only because of globalisation. But for globalisation, Indian markets would have sold only Indian brands and manufacturers would hardly be motivated to improve technologies to match the international levels. There may be many negative effects of globalisation, like loss of jobs due outsourcing, illegal activities, terrorism, etc. We can reduce or eliminate these problems by making laws which are agreed and implemented at international level.
Globalisation is a necessity for each and every country today in order to progress.

Jayant Rao
Mira Road

Yes,Globalisation is a positive process.People in various countries are intrested to inter connect and work together and become more creative in the fields of commerce,finance,cross-border trades and technology.It is actully an attempt to integrate and interact globally by many countries and people .It has become a world wide movement .It is inevitable and now unavoidable.It stimulates new thinking and joint activity. Large amount of information and money flow over quickly more than ever.If a person is creative,he can lead a decent life in a single generation thanks to globalisation.Goods and services produced in one part of the world are simply available in all parts of the world within a few hours. International tour and internationat communication are very easy due to globlisation.

Joel James
RBK School, Mira Road

Globalisation raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation, although globalisation may not be the perfect solution to end all of the world’s problems, it is a good start. Countries that embrace globalisation, such as Peru, have benefited tremendously. Globalisation is apt for a country’s economy, politics, and most importantly, for its people. Peru was once a third-world country, ravaged by poverty, oppression, and a lack of education. Globalisation has contributed to the reduction of poverty, increased literacy rate, and the liberation of women in Peru. The effects of globalisation can be recognized in Peru and all around the world, when technological knowledge is spread, free trade is encouraged, and political or social liberation is achieved. One of the benefits of globalisation on a social level is an increased Human Development Index, which is a measurement of a country’s social, political, and economical growth in comparison to other countries in the world.

Pratiksha Sahoo
RBK School, Mira Road

What is globalisation? Does this mean that all countries of the world are becoming the same? Does it mean the integration of economic, political and cultural systems around the world? Indeed, the concept of globalisation raises many questions and controversial issues. Some argue that globalisation is a positive development as it will give rise to new industries and more jobs in developing countries. Others say globalisation is negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do. Another viewpoint is that developed countries, including Canada, are the ones who may lose out because they are involved in outsourcing many of the manufacturing jobs that used to be done by their own citizens. What can be done about these issues? Will more emphasis on “fair trade” make any difference?

Aanchal Jain,
IX- A,
St. Francis High School, Vasai

Globalisation means that countries can engage in free trade with one another. Globalisation is a fairly recent development, so the effects of globalisation are still somewhat undetermined. People who are in favour of globalisation are often called globalists, and people who are against globalisation are often called anti-globalists. Globalists believe globalisation has positive effects on economic growth and the quality of life of citizens in the countries that engage in free global trade. Anti-globalists believe globalisation can cause economic and environmental damage to a country and may have the more benefits for those who are already wealthy than anyone else.

Anti-globalists believe multinational corporations largely benefit from globalisation, while small businesses may suffer from the increased competition from the global market. The local computer hardware seller may have a difficult time selling his computer parts to the office in town when they can order cheaper parts distributed directly from a manufacturer in another country.

Afreen Khan,
X A,
St. Mary’s High School, Mira

Factors related to globalisation can also cause workers to migrate from their homelands in poorer countries to more developed countries to find work. The migrant laborers’ may leave their families and live temporarily in another country. On the other hand, often these newcomers complain that they are poorly treated and cannot live the way they would like in the more developed countries they have immigrated to. This raises questions of the role of human rights, as a consequence of globalisation. Many developing countries need new industries and the jobs these industries bring to improve their economics through globalisation, but they do not want to lose their own culture and identity in the process. There are many arguments for and against globalisation. As citizens and consumers in a developed country, should be aware of the potential impact our purchases of food, clothing and other items may have on people in developing countries?

Disha Chabadia,
St. Francis High School, Vasai

The world in which we breathe today is a globalised world. It practises globalisation. What is globalisation? It is a process of interconnection between different countries. The pros and cons of globalisation are studied by various economists. Still there is a heated debate going on till date about the true effects of globalisation. I personally think that globalisation causes a positive effect on the world. It influences different countries in their culture, increase trade business and technology can be advanced through it. Through this connection, tolerance is increased; unity can be practised between various nations. Developing countries are benefitted by globalisation as unemployed people get a chance in other countries for a job. It also creates political stability. Several conferences are held in different countries to intensify the rate of globalisation. Therefore I opine that globalisation is an affirmative process since it outcomes confirmatory results of goodwill, peace and development.

Jidnyasa S. Malvi,
IX – D,
St. Lawrence High School, Borivali (W)

As the saying goes, “You are not defined by what happens to you but by how you respond to it.” The same can be applied to look at globalisation. It opened up foreign investors resulting in overthrowing the monopoly the domestic traders held over lots of products. Prices become competitive, quality becomes the priority and the companies stopped taking the consumers for granted. On the other hand, local businesses crumbled due to the capital and extremely low prices offered by the multi nationals. To sum up, the effect of globalisation was uniform for all. There was increased competition, those who had the edge, survived. Those who did not, vanished.

Mansi Rao,
Cambridge School, Kandivali (E)

The term globalisation is the process of transformation of local phenomena into global ones. It is when different countries start to connect together as a whole, when people around the world are more linked to each other than ever before, when information and money flow more speedily and when goods and services produced in one part of the world are increasingly obtainable in all parts of the world. And it has brought both positive and negative impacts to the world. First of all, let us look at the impacts that globalisation brought to the global economy. Globalisation has brought up the world’s economy. Countries in the globe trade goods with each other, and it hastened the trading rate. By trading with each other, knowledge and technologies exchanged and was shared among countries; therefore, the world innovated and improved faster. Globalisation not only exchanged ideas and knowledge but also created positive competition between countries.

Pavitra Shetty,
X A,
St. Mary’s High School

Globalisation has become the root of economy. Due to globalisation the world has turned into one market where the countries are able to deal. Due to globalisation country came to know about their resources which helped them to get rich and helped superior nation in terms of raw materials Globalisation always gave opportunity to the poor nations to come in front and give an exposure to their resources.
But for achieving something we have to lose something in the same way as globalisation got scope, some negativity came into action. As the benefit was for few industrialists but the common man faced inflation. Bigger companies are using resources of other nation which leads to a dark future.

As globalisation has helped us in both manner, but the honor of unity in economy, goes to globalisation.

Rahul Nishad,
X – C,
St Lawrence High School, Borivali (W)

I think that globalisation is a positive culture. Many countries have been getting goods from countries, we can take example of India. In the past, we had only their products means that not having knowledge of the outer world. Well, the point is that now we have access to other nation’s products. As well as, it benefits us in other ways to like having trading and business but, there are more benefits than this like we get new weapons plus, when native of other nations come here if they purchase something we get foreign currency which financially supports us. So, as a conclusion globalisation is a positive effect happening in every corner of the world.

Abhinav Bali, VII,


RBK School, Mira Road

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