How You Have Been Affected by Globalization
by The salesmen of Globalization, within two decades only, have to invite the workers of the world to present the nights of nightmare once the great Lehman Bros had failed to respond to any kind of penicillin prescribed by all the Nobel laureate economists of the world.
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The political leaders of the West have calculated that they may secure the required right to every sphere of the markets of the developing countries in the name of Globalization. Instead, they have witnessed tremendous opposition to reach to the target. China and India are countries with the largest markets. The Chinese leaders have ever been substances made of riddles and Indian leaders have been unsuccessful to open up the Banking and Insurance sectors for the foreign investors despite tremendous pressure exerted by the USA.
Globalization has prepared new papers for the happier industrialists to learn. In the open markets the commodities manufactured in the poorer countries with lower labor cost are highly competitive. In those countries children also belong to the work-force because of unimaginable poverty and the adults are forced to sit idle in the sidelines.
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In China millions are unemployed or partially employed and factories are being regularly closed. Thousands of vagabonds and beggars roam around and number of whores has been multiplied. In India the scene is not any different. A very negligible section of the people has accumulated property and some twenty families have grabbed the maximum of the wealth. A few of them have earned the name as the wealthiest persons of the world. On the other hand, the statistics of the government states that seventy seven percent of the population earns an average of twenty rupees a day. Pioneers of Globalization must say a word. It is very much true that the Indian government and state governments of all combinations in India have accepted and appreciated the concept of Globalization and have essayed their best to act according to the instructions received time to time.
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