We have pretty much reached a stage where globalisation has become part and parcel of our life...It now boils down to the question of its impact on developing countries like India and under developed african nations.....
WTO which replaced GATT is struggling to find a breakthrough in realising its goal..US, European union on one side and developing countries led by India, Brazil on the other with their own agendas are fighting it out to garner maximum benefits of globalisation..
US and Europe accuse developing countries of not opening their markets especially in the sector of agriculture whereas developing countries point fingers at major powers of huge subsidies they dole out to their farmers their by shielding them from the negative effects of Globalisation...
Mutually acceptable solution is pretty difficult to come by....
The poorest nations of Africa are left in the lurch...With the fight between developed and developing hotting up, under developed nations are bearing almost all the negative aspects of globalisaion..They are finding it difficult to voice their opinion...
The positives definitely outweigh negatives when it comes to a country like India...We have reaped huge benefits in services (IT , Banking) and manufacturing sector because of Globalisation....But when it comes to Agriculture its altogether a different proposition...
Agricultire has shown a negative growth for most part of this decade..Every day 4 to 5 farmers are commiting suicides in various part of India...Lets take Vidarbha region where suicide rates are unimaginable...Cotton is their main crop...and are finding it difficult to sutain in the wake of Globalisation... Very low import duty on cotton has caused huge damage to the local farmers...add to this is the genetically modified(GM) cotton commonly referred as Bt Cotton...American MNCs tying up with local companies are promoting Bt cotton in a grand manner...The results from Andra pradesh shows that GM Bt cotton has been a failure...in some cases the use of pesticides has increased considerably contradicting Bt cotton manufacturers views that pesticide usage will come down drastically if Bt cotton is used..
We need to have some sort of protection mechanism for the farming sector so that our farmers are protected adequately from the ill effects of globalisation....
Globalisation will serve the purpose only when it reaches the poor....
1 comment:
Definitely developing countries like India and China have an edge in WTO purely because of their consumption power aided by huge population...
Post a Comment