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Globalisation

Submitted by snehau on October 24, 2007

Category: Miscellaneous
Words: 2904 | Pages: 12
Views: 394
Popularity Rank: 22,344
Average Member Grade: N/A (Add a Comment / Grade this Paper)





DEHUMANIZING EFFECT OF GLOBALIZATION

An Indian shaving with a Gillette Mach 3, putting on his Pepe jeans, dancing to the song of Michael Jackson, moving around in his Mercedes, supersizing his burger at Mcdonald’s and entering a theatre to watch a James Bond movie. A phenomenon that would have been just a dream, a few years back. The word “Globalization” has made this possible.
The definition of globalization is essentially that because of technology, people around the world can now interact faster and less expensively than ever before.
However there exist dark realities behind this much coveted phenomenon. For the same reason, globalization has today become a major sort of debate among academicians, policy makers and NGOs. Despite the continuing emphasis on promoting global prosperity and achieving a more “just world,” negative aspects of globalization remain rife in our globe. Poverties, inequalities, injustices, starvations, backwards and marginalization are all serious problems many societies are still experiencing. The very idea of globalization, like many intractable conflicts, tends to overwhelm people.
Instruments of Globalization
Before understanding the reasons behind why this phenomenon has brought with it so many problems, we need to have a look at the instruments by which globalization is being promoted and enhanced. The most important and predominant instruments influencing this process are the multinational corporations and the new revolution of information technology.
• Multinational corporations are main instruments of globalization. They possess huge capitals and assets. As profit maximizers, they establish their factors in many developing countries where cheap workers and raw materials are found. Because of their size and their contributions to national economies in terms of taxes and employments, they influence decision-making processes in these countries....

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