Is Globalization Really Necessary?
March 10, 2011 1:01am CST
yes Globalization is necessary, for an economy to grow. Globalization refers to the integration of economic, technological, socio-political factors with the world. And with globalization, with the mutual co-operation and assistance - particularly with reference to the law of comparative advantage- it is going to be beneficial. Globalization also helps reducing the poverty level in the country-there are plenty of evidences and record to support it .Developing countries specially require globalization. Because Indians are very rich in resources of skilled manpower.So Other countries are interested to invest in India. We don't have that much funds/money to make very huge industries or developments. There is no shame to invite other countries for investing.lot of advantages are there..employment,infrastructure development,tourism , foreign exchange and etc..Even America would be nowhere if globalization was an imaginary concept never put forward.