Globalization versus Nationalism
There are lots of topics on which people are making debates like Depreciation in the value of the Indian Rupee, Status of Indian Economy, Environment, Women Empowerment, FDI and many others which cannot be listed. But among them, we are overlooking a major topic for the discussion as well as need serious attention from the people. The topic is Globalization versus Nationalism. We have been seeing the effects of both but need to figure out the importance of both for a country. So here is a discussion on this topic for you.
Globalization means the integration of the various economies of the world leading to one global economy. It involves an increased level of interaction and interdependence among various countries. The exchange of the products, ideas, culture, manpower and other resources varying country to country constitute the actual meaning of Globalization. Because of this globalization, now we have the access to major countries and their products and services within our country which was a dream earlier. This has been possible because of he growth in the technology of transportation and communication. In India, prior to present falling value of rupees, the country raised its interaction from the world through
globalization only. Globalization causes:
GD Topics
Interdependence of trade among nations.
- Exchange of goods and services among nations.
- Social interaction among countries.
- Transfusion of management practices.
- Foreign investment.
- Technological interaction among nations.
Nationalism is a political ideology that involves a strong identification of a group of individuals with a nation. Nationalism includes the interaction limited up to the one particular nation. Following and respecting the ideas and rules and regulations of your country is the Nationalism. The generous respect and honour given to one’s country is the Nationalism. Development and being globalized is the need of a country to take steps with the present era of the technological progress. But one should also have to keep the feeling of nationalism at the same time. Nationalism causes:
Nationalism
1. Trade only in the one particular boundary.
2. Rigidity in exchange of goods and services across the nation only.
3. Other countries are not involved in the trade.
4. Fixed management practices are followed.
Globalization causes economic revolution in many countries.In India before globalization there is a slow growth in GDP. Globalization also create competition among various companies which will help the consumer to get the good services. Globalization also created new opportunities for various companies providing services. WTO (World Trade Organisation), controls the international trade among the nations.
Advantages and disadvantages of Globalization and Nationalism-
Globalization has many advantages but there is also some disadvantages of it. Globalization may be harmful for local domestic markets, because there may be many global companies which provide services and goods at nominal rates. Globalization also increases the foreign control over the nation economy. Nationalism is preferable, but the nationalism is not able to increase the GDP at the required level for the nation.So, one have to switch over the globalization. Nationalism creates a secure environment of trade for the nation. But, for the improvement in the nation’s economy there is a need of global orientation. India currently accounts for 1.2% of World trade as of 2006 according to the World Trade Organization (WTO).
Globalization marks the India as a greater economy in the whole world. Globalization is helpful in increasing employment opportunities in various MNCs .So, there must be a balance between globalization and nationalism. Local market should not be ignored. Foreign investment is also necessary . The local market and global market both should be given equal opportunities. Nation should make it’s economic policies which suit the needs of both globalization and nationalism.
Give your views and share your thoughts on this discussion topic, Globalization Versus Nationalism in the comments and let people know what you think of them.
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18 Responses to Globalization versus Nationalism
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Merck type global ex panison vs trump nationalism AmericA first
Globalization vs Nationalism.
Globalization mean it gives the important to developing countries, undeveloped countries are in the same position. It gives employment to developed countries only.
Nationalism means it develop the country internally, it gives the more important to the own countries that automatically leads to development of the country it includes industrialization etc.
NICELY stated “globalization and nationalism both are required equally”.As India is a developing country it should adopt globalization for its overall development and to increase the interconnection between different countries.And same way nationalism is also important for growth of the inner face of the nation i.e integrity of the nation.
Globalization is a platform which links an individual country with the countries worldwide. Globalization embodies not just the trading and marketing purposes but is also proving to be a boon for several citizens of different countries by giving them a chance to represent themselves and granting jobs.
Nationalism is directed to an individual country and it’s people . India,being with very limited resources leaves behind a vast population Unemployed.
” The more you Globally prosper..the better you take a stand”
Nationalism and globalization both are two important factors. Nationalism is one that leads to contribution towards your own country. It plays a very important role in progress of a country. Globalization is just the path to lead to progress of a country whether by means of trading or exchange of knowledge.
The proper balance between both of these terms can turn a developing country to a developed country.
very well written piece of article …. . Throws light on different aspect of globalization and nationalism and compares them wonderfully well……
Nationalism helps emerge a nation & nations are bound with globalisation. Globalisation realises the motto, “Earth is but one country & we, its citizens!”
nice post by the author …..it gives strong points to support globalization and nationalism….!!!
We are living in global age. Many countries come together on a single stage to discuss their problems, their development e.t.c. As we all know some countries are fully developed and other are still in developing stage, Natural resources are distributed among all over world. every place has not all resources. So in this condition globalization can helps a lot, By globalization developing countries can take help of developed country for their growth. They can exchange their resources and of course the marketing field can be affected up to a great extent by globalization. It increases international marketing. But globalization doesn’t mean that a country does not have its own identity. Nationalism is also very important phenomenon. A country should have its own economy but globalization in certain fields can increase growth of company more than expected.
Globalization is necessary but not on the stake of putting the Nationalism on the verge of ignorance!!
A very nice article dealt on GLOBALIZATION and NATIONALISATION……Very Useful Indeed!!!!
good article ..provides some important good points of nationalism and globalisation..
I think globalization and nationalization are two different thing but having same goal.
The common feature about globalisation and nationalism is that they provide a platform for communication.
It can be a good topic for debate. And the article has thrown light on every aspect of it.
Article is good..the pros and cons are nicely compared 🙂
Globalization gives India a suberb platform to prove their trading and technical capabilities in front of world.It will always a business of benefit for a developing country like India to improve its GDP and a way to open enormous amount of opportunities for the job seekers. It is very gud to hear that India has been captured 1.2% of total world trade and sucessfully able to compete with others.
This article elaborates the prons n cons of globalization n nationalism which is totally appreciating.
Globalization vs. Nationalism…yes globalization is necessary in terms of everything, if globalization is not there, we will just remain in our country all, to spread our talents in term of anything may be its business or anything else. Globalization is required…Yes globalization very important in current scenario not just in India but to the whole world. Today each human being is connected to globalization through different sources. For Underdeveloped countries like India, it is very important to be connected with rest of the world for the purpose of business, finance, communication, cultural exchanges, Tourism etc. All these things are possible only because of globalization…