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Globalization is the system of interaction among the countries of the world in order to develop the global economy. It refers to the integration of economics and societies all over the world. Globalization involves technological, economic, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure.
There are many advantages of globalization such as increased free trade among nations, increased liquidity of capital allowing investors in developed nations to invest in developing nations, reduces cultural barrier and reduces the likelihood of wars among nations. It really helps for the people who work abroad in many different ways. However, globalization can also be disadvantageous as it might affect the nations to lose its own culture and just be like any other nation. The Yokohama assignment proves how Japan has globalized over the years. But even then, it has managed to retain its originality and its culture, which most of the countries are not capable of these days. Even though globalization can affect in both positive and negative ways, but it is important for every nation to progress economically and socially.
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Reflection of structures of Globalization:
Globalization is an economic, social, cultural, and political phenomenon. Considering globalization as evil in itself or as a panacea for all the problems is not realistic. In general, globalization is welcomed by the elite and the corporate sector in India, whereas the poor are generally against it. Considering the impact of globalization on economic life, culture, and the environment in India, this article tries to see why globalization needs to integrate the values of justice and solidarity if it really wants to facilitate true human development.
Globalization is an economic, social, cultural, and political phenomenon. Considering globalization as evil in itself or as a panacea for all the problems is not realistic. In general, globalization is welcomed by the elite and the corporate sector in India, whereas the poor are generally against it. Considering the impact of globalization on economic life, culture, and the environment in India, this article tries to see why globalization needs to integrate the values of justice and solidarity if it really wants to facilitate true human development.In spite of the advancement in technology, communication and trade, inequalities, exploitation, and corruption have increased in a globalized world. Economy needs ethics to function correctly. Globalization has an inherent tendency to bring homogeneity in socio-cultural and religious life. Consequently, the indigenous cultures feel threatened. Only by respecting the uniqueness of cultures, globalization can strengthen cultures through healthy dialogue rooted in solidarity. Another important aspect of solidarity is solidarity with nature. To enhance real human development, globalization should safeguard ecology, discerning the needs of the present generation, as well as future generations.
Globalization is an economic, social, cultural, and political phenomenon. Considering globalization as evil in itself or as a panacea for all the problems is not realistic. In general, globalization is welcomed by the elite and the corporate sector in India, whereas the poor are generally against it. Considering the impact of globalization on economic life, culture, and the environment in India, this article tries to see why globalization needs to integrate the values of justice and solidarity if it really wants to facilitate true human development.In spite of the advancement in technology, communication and trade, inequalities, exploitation, and corruption have increased in a globalized world. Economy needs ethics to function correctly. Globalization has an inherent tendency to bring homogeneity in socio-cultural and religious life. Consequently, the indigenous cultures feel threatened. Only by respecting the uniqueness of cultures, globalization can strengthen cultures through healthy dialogue rooted in solidarity. Another important aspect of solidarity is solidarity with nature. To enhance real human development, globalization should safeguard ecology, discerning the needs of the present generation, as well as future generations.Globalization is not first all about money, market, or competition, but about people and their interconnectedness. Economic prosperity, if it does not ensure justice to all, will not lead to long-lasting peace and development. Justice is rooted in love and solidarity with all.
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