Companies and the education Essay

It is no denying the fact that globalization is evil, in the real sense of the word, for countries like India, Pakistan and many other developing countries. Globalization is good among the developed countries- like America, Canada, Europe etc. because here the competition is on equal terms. Globalization is also fair among the developing countries, like India, Pakistan etc. But it cannot be said that globalization or competition is fair and on equal terms between developed countries on the one hand and the developing countries on the other hand. It does not make sense that Pakistan will be able to compete on equal level with America. The outcome of this competition can be forecasted easily i. e. all the benefits will definitely go in the pockets of the multinationals of the developed world and the developing ones will suffer greatly in this bargain. It can be said that globalization is a modern method of enslaving the third world countries. In the name of globalization the Western world is dictating the developing countries to open their markets and reduce expenses on social causes, the likes of education and health, while on the other hand the developed countries themselves are subsidizing their farmers, multinational companies and the education. This kind of globalization does not make any sense. But yes it can be called as Westernization. Globalization is the modern face of colonization. In globalization the poor and developing countries are to provide cheap raw materials for the developed world in return for expensive manufactured goods. Thus the developing countries will never be able to produce goods as cheap goods as the all-pervasive multinationals will be producing. They will just provide cheap labor. The supporters of globalization say that globalization has actually decreased the global poverty. They say that no doubt most countries have seen lower income growth but the world’s two largest countries china and India have experienced the opposite. They also say that it is only those countries that increasingly integrate them with the world economy that have managed to grow fastest and reduce poverty the most. Thus it is suggested by them that only those countries who open themselves very much to the world can be benefited in this bargain. Now let us check these arguments of the supporters of the globalization. â€Å"Economists agonize about capital flows but often overlooks the social disruptions, cultural clashes and political changes that globalization brings. † (Mott. 2004. p. 33) It is no doubt that exports and foreign investment played integral role in China’s development. China is able to buy the capital equipments and the other modern tools for its modernization by selling its home-made products in the length and breathe of the world. The managerial and technical expertise of china is also increased by the increase in foreign investment. Now take a close look and we discover that china’s economic policies violated almost all the rules and regulations according to which the supporters of globalization want to play their game. China joined the World Trade Organization only a year or two back and they also did not liberalize their trade policies to a great extent. Their economic policies are the most protected policies in the world. China opens its financial markets to the world just a little time back. Chinese know that the solutions to their problems must be the one suitable to the local conditions. Thus they developed and progress immensely not by following the hard and fast rules of globalization but by will, dedication and nicely built policies suitable to the local environment. On the other hand many countries that open themselves up to the world without taking care of the local demands and conditions suffer financially and functionally. For example, Latin America followed the principles of globalization with great zeal and gusto in the 1990sis suffering from increasing inequality, low economic growth rates, and heightened.