Globalization or Global Integration

Globalization or Global Integration

The concept of globalization became popular after the collapse of Communism In the Soviet Union and Eastern Europe. It is, in effect, the victory of capitalism and means trade without restrictions, free movement of capital and technology and the operation of a completely free market economy. Strangely, and understandingly, it does not sanction free movement of labour, from one country into another.

Globalization, in the first place, opens up new markets and provides opportunities for investment to industrialists and businessmen. Thus, if we make a rosy interpretation of this aspect of globalization, capital would flow from the developed countries like the US, UK, France, Germany and Japan into the developing states like ours and others like Bangladesh, Burma, Ethiopia and Peru. This capital plus the labour force available in these countries would make possible an industrial and agricultural revolution never heard of earlier. But, this does not happen. The capital flows to the multinational companies having their branches in the developing countries, and this capital is used to purchase raw material at very low prices, to send it to the developed countries.4essay.blogspot.com

Globalization can work wonders, in the industrial and commercial sense, if the working classes in the developing countries are educated and trained with foreign capital and with the money of feudal lords and capitalists inside. Then, the thousands and millions of laborers, workers and farmers can be invited to the advanced countries to get educated and to learn modern industrial and agricultural techniques to work in the advanced countries and to work in their own countries by turn.

Secondly, globalization means free trade or the lifting of restrictions of duties and taxes on imports and exports. It does not sound sensible on the part of the developed countries to open the free flow of their perfectly produced goods into the markets of the developing states where the same goods are either inferior or expensive. This kind of free trade will result in depressed sale of native goods, closure of factories and unemployment of the labour class in the less developed countries.

If the developed countries transfer their scientific methods and technologies to the developing countries generously and start educating the common people devotedly, the coming into force of "true globalization" sometime in the future will become possible. Until the developing world comes up to the level of the developed world sociologically, economically and politically, it will be impossible to have one world economy and social system.4essay.blogspot.com

The developing or backward world looks with suspicion and awe at the globalization plans of the developed world. It is time the governments of the developing countries woke up to the realities of the world situation and took revolutionary steps to take away the wealth and resources in the hands of the corrupt minority to spend on the education, training and progress of the masses. It is time they started acting on economic programmes to construct dams, produce cheap electricity and to increase agricultural and industrial production for the general uplift of society.