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Globalization is very ancient....Trade exchanges exists between arab countries, Chinese, Indians from more than2000 Years.
It has become a serious business when developed countries started looking at all other countries to enhance their growth prospects. As many countries had import restrictions to protect the internal companies, developed nations came out with a treaty "GATT" and started enforcing countries to accept this.
By accepting this treaty, the country will eliminate import restrictions and allow other countries to sell their products in their country. This also helps this country vice versa in exporting their products to other nations.
By theory, this looks like a mutual benefit. But, developed nations with their strong product portfolio dominate the business. This is where, each country is becoming US dependent or European market dependent. Any dip in the economy of these countries will affect all the developing nations negatively.
In my view point, Globalization is necessary and but complete removal of import restrictions will kill small and medium scale industries badly in developing nations. Rather countries should decide there strengths in manufacturing and accordignly create import regulations.........
I don't see that the question is the necissity of globalization. Is see that gobalization is a REALITY which we all have to face and I beleive that we can turn it into an opportunity. I think that whoever decides to ignore it will most probaly get out of the game.
Of course globlaization is important and we should accept it.
No choice, it’s a only way to cope the challenges of this era to survive.
Globalization whether is necessary or not does not apply, it will inevitably happen with the high tech communication tools available and that for the betterment of the world
Best regards
Since we are living in modern ages and surrounded by several types of technology then it is diffently fatal to work.
Dear this globellisation have two faces one is positive and second is nagetive.
It depends on nature of your needs, work envoirment and company business, generaly its good to get more chances to grow and know more too.
Yes, Globalisation is necessary for Growth, Diversification & Expansion on account of :
- Resources constraint in country of origin.
- Competition in country of origin.
- Risks and adverse geo-political conditions.
- Emerging economies & markets in other countires.
