Guest Blog Post By Student Ambassador
Emily Briceno (8th Grade):
Imagine a world where the playing field was level— poverty was reduced, resources were distributed with efficiency, and economies flourished. One might say that this would be utopia while world leaders, the United Nations and the World Trade Organization (WTO) all define this as globalization. Innovation, interdependence and integration have been synonymous with progress for over twenty-five years. After the collapse of the Soviet Union, world leaders and organizations discovered that in order to eradicate poverty and create economic growth for many countries, globalization was the answer. Since the late 1990s, India has gained world renown and increased multilateral agreements to increase GDP, as well as, improve social and environmental conditions for the people of India, thus affecting citizens all over the world.
With a current population of 1,266,863,598 (World Statistics, 2016) India is the 2nd most populous country in the world. By the year 2050, India’s population is projected to reach over 1.6 billion people. It is paramount that the world take notice and take action through increased trade and interdependence between Asia and the United States in particular. Globalization levels the playing field for increased trade between countries and allows countries to manufacture and then export goods or services with efficiency. The positive effects of globalization don’t stop with financial impact, but continue to show a positive impact on social conditions such as poverty and on environmental conditions such as renewable and nonrenewable resources.
How does globalization impact Indian culture one might wonder. Overall, it has helped India increase growth in business, technology, and world-wide economic position. In 2007, (over ten years ago) India was ranked as the 2nd in the world in AT Kearney’s confidence index with over 30 billion in growing inflows. India is favored by investors due to high investment ratios (Source: International Monetary Fund or IMF). These statistics are astonishing and spotlight the potential for future investments and entrepreneurial expansion especially as the younger generation gains more access to education and technology expands. The current literacy rate in India is 74% on average with the rate being higher for males than females and in some regions the literacy rate exceeds 84% (Indian Chamber of Commerce). There are still disparities between males and females, but overall a tremendous increase since the end of British rule in 1947 when the rate was only 12%. This significant increase can be attributed to globalization. Globalization is important to the future of India as it leads to stabilization of the economy and has cultural and social impact as well. Technology is a fast paced sector and currently India has the 3rd largest telecom market with over 250 million users (Ministry of Finance and Commerce- India). India has the ability to drive globalization to new heights due to the human capital of the country. India has some of the most creative minds in the world and factor in the high literacy rate, educational level, access to technology and IT, and their dedication for a strong work ethic, the people of India have a vast array of human capital giving their country and their people a competitive edge as a global leader in business, technology and information technology. According to Bill Gates, Microsoft Chairman, “India has a fantastic pool of software professionals. The world needs to benefit from this.”
The impact of globalization on the culture of India is a positive one. Increased literacy rates, more opportunities for the youth and more advances as a society such as career growth are the result of globalization. Many critics may argue that there is a downside as well such as youth leaving their studies early to go to work at call centers or not pursuing higher education so they can enter the job market. While others argue, there are still sharp levels of poverty and this gap will create an opportunity for terrorism in extreme cases and unemployment in mild to extreme cases. The benefits of globalization far outweigh the negative aspects. There are positive results such as cultural impact and improved social conditions. There is a dynamic momentum happening in India and affecting economies all over the globe. The people of India can now diversify and establish business or cultural opportunities abroad and share their wealth with other nations. As a whole, globalization will allow India to be in the spotlight and emerge as a world leader. Who would have imagined that in 1947 when India gained independence from Britain?
In conclusion, globalization has leveled the playing field and has helped many people of India gain wealth, but more importantly access at greater levels. They now have access to education, access to social opportunities and access to a robust economy due to trade and tariff policies which are more liberal than in the past. We can disagree about the effects of globalization, but it is a reality and we must embrace it for a secure and prosperous future. India is the second most populous country in the world and the leading democracy with its highly creative and diverse human capital. The playing field now has diversity, but globalization allows that playing field to be level for not only those who reside in India, but for international relations benefiting citizens all over the globe.
Benvenisti, Eyal, and Moshe Hirsch. The Impact of International Law on International Cooperation: Theoretical Perspectives. Cambridge: Cambridge UP, 2004. Print.
“Home: Ministry of Finance, Government of India.” Home: Ministry of Finance, Government of India. N.p., 28 Jan. 2017. Web. 28 Jan. 2017.
“India Home.” India Home. N.p., n.d. Web. 27 Jan. 2017.
International Monetary Fund