Globalization is the catchphrase of today. We see in this contemporary era, how the economies of the world are getting more and more integrated. Inventions like Cell phones Mobile phones and Internet are said to have brought an end to communication barrier and eventually have brought the people closer, all over the globe. The world is becoming a smaller place or in other terms a global village. But as every new thing or incentive has its own pros and cons, similarly even this globalization era has brought forward its own benefits and drawbacks.
The arguments which we find from the people who seek positive aspects in globalization are that globalization has created the concept of outsourcing effectively such that work can be outsourced to any part of the world that has an Internet connection. Because of improvements in traffic and through road and rail network, one is able to reach one’s destination in a relatively short span of time. But people who oppose to the idea of globalization say that the benefits of globalization are not universal. We see through globalization, there is concentration of wealth in few hands, and the rich are getting richer and the poor are becoming poorer. And this has led to exploitation of labor too. Also in this era of globalization, the word “terrorism” is on its mount and Terrorists are said to have an access to urbane weapons enhancing their ability to impose chaos in the world, and that also through using the Internet. Also, there is also an increase in human trafficking.
All in all, the future foretells us that Globalization is a tool that should benefit all sections of mankind. One cannot ignore its negative consequences but if worked out in an effective way, then globalization can be used for the world’s peace and prosperity.
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