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Globalization 26/06 (challenges (motivated only on profit making leads to…
Globalization 26/06
challenges
motivated only on profit making leads to above points and expanding businesses without actual skill transfer, or b, building social or human capital.
exploitation of indigenous techniques and knowledge due to lack of proper intellectual property setup egs:
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unfair practices by developed nations such as continuing agricultural subsidies but forcing developing nations to open their markets and
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though many developed nations push free trade and liberalization in the name of mutual growth of all participants. they often act more on their national-interestaffecting spirit of free trade. for example USA protectionism, dora aggreement, lack of giving concession regarding paramacitucals
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diminishing govt aid to agriculture but millionaires and big compaines talking huge amount of loans without much pressure for repayment
how to maximize benefits
the benefits of globalization and liberalization trends are not only mostly bypassing rural and agricultural section, it is also negetively affecting in the form or lowering government support, cheaper imports etc..
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it should be made sure the foreign investment is just not used in profit making but also transfer of skills and technology, generation of social and human capital.
lack of globalization's effect in substantially affecting growth of industrial sector, not only affected industrial sector dependent sections but also affected agriculltural sector by non absorbtion of excess manpower and also depriving the benefit of backward linkage advantage of providing raw material to industries from agricultural related activites.
even thought a open market government should have minimum interventions in the matter of social responsibility and environmental responsibility
create stronger international bonds with nations with similar interest regarding international trade and negotiate strongly at monitoring organizations. ex
encourage agricultural related FDI's such a processed food, beverages, tobacco etc make sure considerable amount of that investment is used in back-end infrastructure such as cold storage, warehouses.
environmental
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collective efforts against climate change, terrorism etc..
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social impact
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cultural
sharing of ideas leading to abolition of determental mindset of superstition, cast superiority etc people becoming more open-minded.
opportunities of job and educations has resulted in hybridazations of culture for example transnational marriages tec
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loss of jobs of domestic people to immigrants can lead to clash and hostility towards immigrants aswell particular nation or section.
dissemination of ideas such as agnostic or atheism, feminism leading to questioning of existing social norms led to inctrospection.
indian urban culture lifestyle becoming more similar to global urban culture.. such as malls, food chain restaurants, amusement parks, more spending on recreational activities, parties etc.. some also critique it as
Americanization or westernization can be seen in rise in popularity of Hollywood movies, more consumption os westran music, clothing, social media trends.. trendsetter
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broadly
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Disadvantages
due to spreading of manufacturing and oprations of a corporations across globe, it has lead to missuse of tax haevens.
cheaper agricultural or manufactured goods such as china silk, electronics form china and other products have lead to extinction of domestic producers and farmers.
large corporate with with huge financial and political influence lobby in their interests, this becomes unhealth when it is in conflict of interests of other less powerful section such as farmers, small business owners.
widening the gap between rich and poor, advantage and benefits almost bypass rural and agricultural sections of india.
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modern manufacturing techniques substitute manual-labor and weakening of labor laws has affect working class especially the blue collar job holders.also resulted in casual labors in unorganized sector due to stiff competition in order to keep manufacturing costs low.
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