Plastic is commonly used for preserving and packaging goods for export and since it is a non-biodegradable, it forms a large part of environment toxic pollutants Labadi Globalization has led to industrialization. Industrial chemicals and wastes usually find their way into the water bodies and the soil.
These harmful industrial products have caused the deaths of underwater organisms. In the year , a container belonging to British Petroleum Company leaked out petroleum product in the Atlantic Ocean.
According to Labadi 32 , this led to the death of millions of underwater organisms in a stretch of seven miles. In the soil, chemicals and industrial effluents have led to outgrowth of noxious plants and weeds Labadi These plants and weeds usually cause damage to animals and plants by interfering with their genetic composition. In the end, this will cause plants and animals to have harmful side effects upon consumption. Demand for increased production for a global market has increased demand for factors of production.
The demand for land, especially, has been on the rise. This has caused natural environmental encroachment. Forests have been cleared to pave way for agricultural activities and construction of firms and industries.
For instance, land in India has been reclaimed from the sea in order to plant rice for the global market Ehlers 44 …. Every student can craft his or her own essay with the help of our sample. However, for some of you, it is impossible to deal with your paper on your own.
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Get your writing assignment done in 4 simple steps 1 Fill in order details Submit your instructions to writers for free! As a result, they lose their individuality and just end up being a copy of someone else. Next, due to advancements in modes of transportation, it has now become very easy to travel locally and overseas. And, due to increase in tourism, most of the nations have become victims of epidemic diseases, which were only observed in impoverished parts of the world. On the other hand, globalization has resulted in manifold positives, first out of which is economic growth of nations.
To expand their business, Multinational Companies MNCs set up their offices in different countries, which increases the employment and development rate of the nations, in which MNCs set up their business. Secondly, globalization has transformed the entire world into a global village. Earlier, the thought of traveling from one city to another used to traumatize the people, but now a person can complete a journey of thousand miles in just a few hours.
But in , the same trade deficit increased considerably to 5. This simply shows that the access of Indian markets by the foreign producers has been increasing. In-spite of high expectation that globalisation would facilitate attaining of higher GDP growth rate through export-led growth but that expectation has failed to materialize.
Although in the initial years of globalisation, the GDP growth rates gradually rose from 5. Thus the sluggish GDP growth rates experienced by Indian economy has reflected the failure of the policy of globalisation introduced in the country in raising its GDP growth rates and also raised its dependency burden on world economy.
However, the GDP growth rates in India started to show an increasing trend in recent years, i. The advocates of globalisation has been claiming that globalisation would pave the way for greater inflow of foreign investment. But things are not moving in a right direction. Foreign investment usually enters in two forms—Foreign direct investment and Foreign Portfolio investment.
However, the FDI enhances the productive capacity and investment of the country but the portfolio investment encourages speculation activities. During the period to , the share of FDI was During the subsequent period, i. Again during the period to the share of FDI has again declined to During the next 6 — year period, i. Moreover, from the year-wise data of foreign investment as shown in table no. It is observed from Table Thus the flow of FPI shows an erratic behaviour.
Thus in recent years, the proportion of FPI in total foreign investment is still very high. Thus the expectation of the country in respect of entry of foreign investment as a result of globalisation has not been fulfilled.
Moreover, there is a peculiar tendency where there remains a wide gap between the level of foreign investment approved and its actual inflow. Reduction of poverty is one of the important objectives of development. But in modern times the pace of poverty reduction is gradually slowing down. The main findings of this model is that the rate of poverty reduction in the s is slightly less than that of s.
The reason behind this slow pace of poverty reduction is the pattern of growth that has been achieved following the policy liberalisation, privatisation and globalisation. Such a growth pattern has affected geographical distribution. The globalisation has helped the industrially advanced states much more than the less industrialised states and also neglected agricultural sector leading to a skewed pattern of distribution in this post-reform period.
Thus the paradox of attaining higher growth rate of GDP and lower rate of poverty reduction is mostly resulted from unequal distribution of income between the richer section and the marginalized section of the population. Besides, this slow decline in poverty reduction is mostly resulted from the geographical pattern of growth promoted by the policies of liberalisation, privatisation and globalisation.
As a result of globalisation industrialised states are getting more benefit as compared to that of less industrialised and agriculturally based states leading to a geographical skewed pattern of growth attained during this post-globalisation period. Thus globalisation has been resulting in widening inequality, growing concentration of wealth and slowing down rate of poverty reduction in the country. Globalisation has resulted in a fall in the employment growth rates. The annual growth rate of employment which was 2.
As a result, the unemployment growth rates increased from 5. This was despite the fall in the growth rate of labour force from 2. Such a situation is mostly resulted from the deceleration in employment growth rates in agriculture and community and personal services. These two sectors contributed jointly around 70 per cent of total employment generated but they virtually failed to record any growth in employment.
Thus after making a review of performance of the economy for a decade after the introduction of globalisation, it is observed that the policy of globalisation has not been able to bring the required benefits to the people in general in terms of basic macro indicators such as GDP growth rates, employment generation, reduction of poverty, hike in investment, boost in merchandise exports.
It is only in respect of services export India has been able to record marginal gain due to its cheaper manpower resources. Moreover as a result of globalisation, a good number of small and medium scale enterprises had to face closure due to unequal competition leading to loss of employment to a good number of workers engaged in these industrial units.
Thus globalisation has also failed to look fairly at the small enterprises, rural and informal sectors from where majority of people earn their livelihood. Thus under the present scenario, important steps need to be taken for integrating the growth objective with that of employment objective.
In its study on the progress of the corporate sector in recent years, the Institute for Studies of Industrial Development ISID has reported the impact of growth of top TNCs in the post-reform period. It is further observed that the annual growth rate of profits before tax of these top TNCs during the period to was Such enormous profits earned by TNCs will create an adverse impact on the balance of payments.
While the exports to turn over ratio of these companies grow slowly from 8. Accordingly, such workings of the TNCs has converted a net export position of Rs crore in to a net import position of Rs 1, crore in In respect of agriculture, there is also a threat to the Indian farmers from the trading provisions of WTO.
Here the main fear is that with the implementation of WTO agreement and trading provisions, Indian market will be flooded with different farm goods from foreign countries at a rate much lower than that indigenous farm products leading to a death-blow to Indian farmers.
Here the apprehension of Indian farmers cannot be ignored. Countries like Australia, Canada, USA and New Zealand which have a large farm potential along with necessary resources to provide subsidies and improved farm management, will be in a advantageous position to market their farm products in a developing country like India, which are maintaining lesser efficiency and lower productivity at their farm activities.
This would naturally result unequal competition for the Indian farmers in respect of both price and quality. The other area of concern of farmers related to patenting and sale of seeds and conditionality of self- grown seeds are met satisfactorily. We have seen that there are still some active threats to Indian agriculture and indigenous industrial units from the WTO commitments implemented by the Government.
Globalization is a process and this process makes developments in these countries. First of all is the independence of each of developing countries. The development in industry, economy, culture and polity gives solutions to social problems.
ADVERTISEMENTS: In this essay we will discuss about Globalisation. After reading this essay you will learn about: 1. Meaning of Globalisation 2. Characteristics of Globalisation 3. Advantages 4. Disadvantages 5. Globalisation of Indian Economy 6. Impacts. Contents: Essay on the Meaning of Globalisation Essay on the Characteristics of Globalisation Essay on the Advantages of Globalisation .
The Globalization of Nestle - Globalization is the dominant force by which the world has become interconnected significantly as a result of extremely increased trade and decreased cultural differences. Essay globalization 1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regionaleconomies integrate through a worldwide network of political ideas throughtransportation, communication, and trade.
Write about the following topic: Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten. Discuss. Check ou the model answer for globalization essay. Over the last century, efforts have been put to bring varioust countries together. Read the whole globalization essay sample and buy similar papers.