The world is changing. The change is fast enough to notice the factors acting behind. Globalization is one of them. A factor that needs no introduction. Ever since, developed countries like USA and European countries have marched to conquer the rest of the world, developing countries have no solace but to succumb to what these developed nations call for. Days have gone when these developed nations ruled by the concept of colonialism. Now, countries, whether small or big have one thing in common ie; they do not want to be under the oppression of any other mighty nation. The recent turmoils in Middle East countries like Egypt, Libya and Yemen are the forefront instances of non-conforming the dictatorship and suppression. Therefore, it is not apt to believe that dictating by ‘stick’ is no more in vogue and that a different approach or style needed to be adopted by the countries dreaming to rule the weaker ones, once again.
GLOBALIZATION AND DEVELOPING COUNTIRES
In the present era, people around the globe are well informed and updated with the developments happening across the world. Therefore, they cannot be taken for a ride by these developed nations. As a result, these developed countries came up with a mesmerizing idea of so-called ‘Globalization’ wherein they demonstrated the benefits coming on the way of developing nations including India. Constantly, advocating economic and social sustainability of developing nations, these western countries have won the hearts of developing nations to some extent. As proof, these developing countries witnessed growth and development taking place in their own poor nations. But, the policies and approaches gradually uncovered the ulterior motive of these western countries. One of the severe impacts of Globalization upon India has been a robust blow on Small Scale Industries (SSI).
We all know that Globalization has taken the shape of a...