Professional Documents
Culture Documents
Globalization Eng.
Globalization Eng.
Globalization Eng.
istening to, there will be less and less patronage for Indian clas-
Sical music, Nazrul's or Ghalib's ghazals or Tagor's songs.
Scholars like prof. Anthony Giddens argued that the world
does not have any options in the case of globalisation. You like
Å or not. globalisation has come to stay and there is no running
away from it. No economy can remain uninfluenced by the rest
of the world. Even the most closed society cannot escape the
fiow of ideas. The thing is to endure it, adopt it to our needs
and to learn to live with it. But the available statistics show that
the impact of globalization on economy is disastrous. As UNDP's
Human Develepment Repor, 1999, has pointed out, in economic
cevelopment and trade, the top 20 percent of rich countries have
cornered 80 to 90 per cent of the benefits acruing from
glopalisation, the bottom 20 per cent countries have benefited
only one percent. Thus there are winners and losers: the win-
ners were always the rich countries and losers the poor. Hence
the problem is not how to adopt globalization but to escape from
e cancers of globalization.