write an essay on globalisation and it's effects.(700-750 words)
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Answer:
Globalisation, in its modern sense, refers to multi-national conglomerates which hire employees across all countries and have full-fledged business operations conforming to different countries. This is what is the modern sense and perception of globalisation is While globalisation might have evolved over the years, it is not an entirely new analogy or concept in the world. Globalisation has been in existence ever since man discovered fire and wheel. Some of the greatest examples are Persian trade in the Arab world, the silk road in China, the toy supply from Kabul, Afghanistan etc. The famous Kabuli wall story that today’s children, in India, read in their textbooks derives its roots from globalisation.
But the phenomenon of globalisation took an entirely new turn at the turn of the century. Especially in a country like India, events like the dotcom bubble, economic freedom in 1992, the progress of internet etc., paved for a truly global India. The very first sign of globalisation in India is the entry of IT (Information Technology) and ITES (Information Technology Enabled Services) or as it is popularly known as Call Centres.
The progress of the internet helped countries like India, Indonesia and China truly prosper and tap the potential of globalisation. Hundreds of call centres opened up in the south Asian countries like India, Pakistan, Bangladesh and Indonesia to enable the non-core activities of different industries like banking, restaurants, education etc.
A globalisation essay is never complete without discussing the advantages and disadvantages of globalisation.
What are the advantages of Globalisation?
Globalisation helped third world countries in Africa and Asia to introduce the power of technology and the internet to its citizens
It is because of globalization that millions of Indian found a job in call centres and other such IT services
Consumers got more choice and freedom to choose from, from various brands offering value addition through their own business competencies
Since business ideas and models got exchanged across the world, entrepreneurship and self-sustenance got a powerful push
What are the disadvantages of Globalisation?
Through FDI (Foreign Direct Investment), companies with deep pockets entered markets and threatened the existence of local businesses. For example, companies like Amazon have been a threat to local Kirana stores in India
Piracy and replication is a big challenge for globalisation. Products can be pirated, replicated and sold for a cheaper price while the original company, which have to spend large sums of money on research and development, will be at a loss
Getting people to work with other people of different culture and ethnicities is a challenge in the HR world. It is not always easy for people of different walks of life to easily synchronise and work with each other, creating synergies
Globalisation will always be like two sides of the same coin. While there are both pros and cons for globalisation, it would not be fair if we don’t give credit for how globalisation has made our world a better place to live in. A revolutionary invention at some corner of the world can be replicated all across the planet, thanks to globalisation. A cure for AIDS found in one country can be distributed provided in other countries as well because of globalisation. The Internet has been at the forefront of all these signs of progress of globalisation in recent years.
Globalisation is not just a boon for business houses across the world, but it has also helped people and governing bodies to realise that countries are just man-made boundaries and at the end of the day, all human beings on the planet are same and connected with each either, through thick and thin.