Advantages And Disadvantages Of Globalization

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Danny Loyola Globalization in India The concept of globalization was first introduced by Adam Smith, the father of modern economics in the year 1776 through the book titled, “Wealth of the Nations”, and since then the globalization has been liked yo-yo. Globalization is not a new concept. The word "globalization", which connotes where all the nations join their hands, create a kind of synergy to do business or any commercial, cultural or educational activities, in which every participant nation should beneficiary. Globalization in a nutshell is "one for all and all for no. The purpose behind globalization has been to open the portals for each and every nation in different fields. A nation can buy from other nation and sell to other nation. Globalization can both bring about positive and negative effects to the nation that adopts it. On the positive side, globalization can lead to the generation of numerous employment opportunities. This occurs as multinational companies move their operations into developing countries in search of it’s advantageous work force. This leads to the creation of employment and the generation of income for the host country. Globalization also encourages education. With the globalization of labor and services comes the globalization of education. Globalization also has its negative side that includes an uneven distribution of wealth and disparity within the citizens of the host country who are directly affected by globalization. It is said that the rich are getting richer while the poor are getting poorer. In the real sense, globalization has not been able to reduce poverty. Instead it has led to the accumulation of wealth and power in the hands of a few developed economies. Therefore the gap between the... ... middle of paper ... ...ate, there is little reason to believe that an IT-based learning environment will advance the cause of Indian education in any substantial way. Problems that are enmeshed in the social and economic fabric of our society need to be primarily addressed with solutions that are of a social and economic nature. Throwing technology at these problems will not make them go away. Presenting technology as the solution to India’s educational challenges is troublesome in two ways. First, it diverts our attention from issues that should really be on the front-burner. Once our attention and resources are diverted, building back the momentum in the correct direction is a monumental task. Second, by building castles in the air that will soon be blown away by the winds of reality, it does a serious disservice to the more limited, but yet substantial and real benefits of technology.
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