Globalization: a boom or a threat? Essay

globularisation is an interaction amongst different economies, societies and cultures through a worldwide lucre of carry on, communication and transportation. globalisation has both advantages and disadvantages on e precise economy that exists in this world. globalisation affects every country in a very heartbreaking manner. According to studies globalization has more advantages over its disadvantages. Globalization leads to exchange of engineering science between different countries, exchange of weapons for defense, it snubs the fear of war between real nations, it leads to free trade between countries, it reduces cultural obstruction and helps to increase global settlement effect.These examples ar just a part of the story and at that place are many more positive of globalization over its disadvantages. Globalization is a controversial topic since last two decades many pot believe that globalization has many disadvantages same(p) outsourcing of jobs to separate nations, losing cultural individuality and exploitation of workers rights. Following is the list of advantageous of globalization and its disadvantages. However, list of advantages of globalization is bureau longer than its disadvantageous that leaves us to decide that is globalization a boom or a thr ingest?Globalization leads to exchange of engine room from develop countries to former(a) developing nations. Taking an example of Americas engineering transfer to India has changed the world. America transfers its nuclear, information technology, medicine and machinery technology to India, which brought a boom in the Indian economy. India was known the as trio world country but now it is known as upcoming super power after china. Globalization affected Indian economy is a very serious and a good manner. In counterpunch India offers US with its call center services. Also, U.S. is outsourcing its manufacturing and white collar jobs to India which saves America lashings of billio ns of dollars every year because of catchpenny(prenominal) and reliable services provided by India to Ameri bottomland customers.The U.S. shares its multitude training programs with India and transfer latest weapons to Indian army which is very useful to maintain an army balance in south Asia and alike to fight with terrorists. In return Indian army trains American army with jungle warfare tactics. Working out together is a disclose to success and globalization foxs it possible. It is beneficial for both the economies by being mutually beneficial on individually other. It leads to rapid growth of both the economies. Globalization leads to reduce tension of war between two or more developed nations. Globalization pacifies international relations. Two countries that trade together are mutually dependent to each other. One is interested in selling and other is interested to buy.The best example is the U.S. and mainland chinaware, China requirements to sell and U.S. wants to buy cheap stuff. Even though, China is the biggest threat to the US at this moment, U.S. does not want a war with China because of its national interest. In return U.S. provides China with money and technology. Both the countries are equally and reciprocally dependent to each other. Hence, globalization helps reducing tension of war between developed nations. Globalization leads to freedom to exchange good and capital by free trade policies.With globalization, companies can manufacture goods at places with low cost labor and at place where there are not many jobs available. For example American companies prefer to outsource its manufacturing plants to India or other Asian countries because of its cheap labor, great man power available there, very less cost of performance and very less or no taxes by their government which results in lowering the cost of the product.Globalization reduces cultural barrier and chance ons the global resolution effect dream come true. Taking an examp le of America, we know a lot more about other cultures now than what our parents or grandparents knew. We are more open to other cultures. Our minds are more open to other ideas, traditions and this has made it a very exciting time for our generation and for those to come. We eat sushi in lunch or Italian in dinner, all this counts to make us more knowledgeable about other cultures. People on the other side of the world like in India or China watch Hollywood movies, eat peanut butter jelly in breakfast, wear Hollister or American eagle which in a way helps them to understand western culture.As a result, they overcome their cultural barrier and compete with rest of the world. Now days every culture affects other culture directly or indirectly and making ourselves more and more knowledgeable about different cultures will help us to make our global village effect dream come true. A abduce from Pico Iyers essay would have worked in this previous paragraph. However, disadvantages of glo balization like outsourcing of white collar jobs and manufacturing jobs to developing nations by developed nations leads to fair to middling percentage of unemployment in the developed nations.Also, problems like losing cultural indistinguishability and exploitation of workers rights are concerning many people in the world. Even though, globalization has many advantages, its disadvantages moves on with it and these disvantages cannot be neglected. Taking an example of world recession, 2008, U.S. citizens disordered millions of jobs and the only reason was not enough jobs available in the U.S. because decent amount of white collar jobs were outsourced to India or China. Subject?Bad moves along with good and we should accept it and find a way to get discharge of these disadvantages of globalization instead of criticizing it.Globalization has many advantages and disadvantages, but its advantageous like exchange of technology between different countries, exchange of weapons for defe nse, trim down fear of war between developed nations, free trade between countries, reduced cultural barrier and increase in global village effect overcomes its disadvantages like outsourcing of white collar jobs, exploitation of worker rights and passing of cultural identity. Studies show that demerits of globalization are way lesser than its merits and these demerits can be resolved by imposing some policies. As a result globalization is more of a boom to the world and not than a threat.