![]() The most prominent among these have been jobs in the customer service field as many developing nations have a large English-speaking population – ready to work at one-fifth of what someone in developed world may call ‘low-pay’. In order to cut down costs, many firms in developed nations have outsourced their manufacturing and white-collar jobs to Third-World countries like India and China, where the cost of labor is low. Critics opine that globalization has resulted in a fiercely-competitive global market, and unethical practices in business is a by-product of this. In countries with little or no accountability, corporations employing children can work smoothly by bribing the officials, which may result in an increase in illegal activities. There are various schools of thought which argue that globalization has led to an increase in activities such as child labor and slavery. We will not approach its negative effects as a cynic, but as a student or an observer, so that we are free of any kind of prejudice and bias, and understand the topic in a better way. The social, economic, and political changes that globalization has brought have been accompanied by some challenges. The phenomenon that is globalization, has brought new dimensions to this world, and people are mingling with each other like never before. ![]() Young graduates in India are being taught how the Americans roll their R’s, so as to make a seamless conversation with their clients in many of the call-centers! American businessmen are investing their time in studying the culture of the Middle East, so that they can negotiate with their counterparts in a better way. We often hear the phrase that the ‘world has become a global village’ – which itself signifies how much has changed in the world in the past few decades. Economies of the world are being increasingly integrated as new technology and communication has brought people together. Opinions vary considerably over its pros and cons. However, it is surrounded by an air of controversies. Globalization has paved way for development.
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