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"Globalization defined by rich people like us, is a very nice thing. ... S President Jimmy Carter
What is globalization for developed nations? ... What is it going to do to a country like India, in which social inequality has been institutionalized in the caste system for centuries? ... Is the corporatization and globalization of agriculture, water supply, electricity and essential commodities going to pull India out of the stagnant morass of poverty, illiteracy and religious bigotry? ... Is globalization going to close the gap between the privileged and the underprivileged, between the upper castes and the lower castes, between the educated and the illiterate? ... Globalization is a process in which the third world countries are being pushed to open their borders and markets to allow foreign products and manufacturers in. The impact of globalization and globalism is widespread throughout almost all countries but for the most part separates the people of third world countries into two groups, the rich and the poor. In India, for example, the impacts of Globalization can be seen in the formal and informal sectors with the integration of major Multi-National Corporations, the widening gap between the rich and the poor of India and on Indian Society and Religion.
In 1991 India began to liberalize its views and economy and opened up to the rest of the world. ... ” With over 1 billion people in India, only about 300 million people can even afford the new goods brought in by globalization. ... In fact more than 300 million people in India live well below the poverty line, that is approximately 30 times the entire population of Canada. The number of people in slums and living in poverty in India is increasing every day and the blame is being said to be due to globalization by many observers. (Paul, 1996)
The view of globalization in India by the Indian people is a hard topic to discuss. This is mainly due to the fact that many people view globalization as a good thing and that at the same time many people argue that it is the cause of India’s problems. The responses to globalization as stated above range from an outright rejection and opposition to qualified acceptance. ... The opposition towards globalization and the WTO is part of their, “extreme xenophobia towards everyone and everything they regard as ‘foreign’.
Approximate Word count = 1864
Approximate Pages = 7.5
(250 words per page double spaced)
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