English Essays

Essay On GLOBALISATION

Essay On GLOBALISATION
Essay On GLOBALISATION

Essay On GLOBALISATION

Globalisation an age old concept

The term “globalisation‘, evokes several concerns in the minds of many. People are afraid that it could lead to political and economic hegemony, if not in physical but in ideological terms. But globalisation is in one sense not a new phenomenon. It is being examined now as if it is a new plant or tree. In fact, its roots extend farther and deeper than the visible part of the plant. It is as old as history, starting with the great migrations of people across the great land masses.

Advantages

Recent developments in computer and communication technologies have made the process of integration quick. It is making geographic distance less. It is a boon and part of Geography. The knowledge of the whole world would be computerised. It would make easy to contact any part of world. In other words globalisation of the world would bring co-operation and feeling of unity.

With modern technologies we would come in contact with political and economic or with the cultural spheres. This openness will help in several cases to bring down political suppression. In economic sphere, the ebb and tide of capital flowing across borders would be a source of future growth. But we have to be careful in handling such sources and issues.

Internationalism-a threatening process

The Asian crisis is not in argument against capital account liberalisation. The lesson to draw from the crisis is that capital account liberalisation and reform of the financial system should move in tandem. The process of internationalisation is thus not without its threats. A crisis anywhere can become a crisis everywhere. Each country must prepare itself to meet the new challenges so that it is not bypassed by this huge wave of technological and institutional changes.

Distinction between Globalisation as a phenomenon or process

Globalisation as a phenomenon has to be distinguished from globalisation as a process. Globalisation leading to breaking down of distances as measured by time is a hard fact. This is a phenomenon which will only gather further momentum as the technological changes will push the world even harder in this direction in the coming centuries. Globalisation as a process will need to absorb these changes. But it need not necessarily lead to uniformity. Even in the industrially advanced countries, the pattern of economic structure is not identical. The state market mix varies and can vary from country to country. All ideologies would start out with the claim of having a universal appeal. This would be true of capitalism as well as communism.

Globalisation-essential for Modern World

Every economic system in the new millennium must be capable of meeting the challenges posed by globalisation as a process. No country would be able to insulate itself from the rest of the world. This would lend some common colour to all the economic systems. Thus we will continue to live and enjoy a multi-civilized world in terms of both economic and cultural. But the task of copying with the global changes will remain there. All the attendant benefits and risks will also remain. No country would stand in isolation.

Vocabulary

Hegemony- supreme ruling, Argument- reasoning, Tandem- a carriage, Insulate- isolate, Isolation- separation, Ideo-logy- science of ideas, Millennium- a period of thousand years, एक हजार वर्ष का काल ।

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About the author

Anjali Yadav

इस वेब साईट में हम College Subjective Notes सामग्री को रोचक रूप में प्रकट करने की कोशिश कर रहे हैं | हमारा लक्ष्य उन छात्रों को प्रतियोगी परीक्षाओं की सभी किताबें उपलब्ध कराना है जो पैसे ना होने की वजह से इन पुस्तकों को खरीद नहीं पाते हैं और इस वजह से वे परीक्षा में असफल हो जाते हैं और अपने सपनों को पूरे नही कर पाते है, हम चाहते है कि वे सभी छात्र हमारे माध्यम से अपने सपनों को पूरा कर सकें। धन्यवाद..

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