Even though there are positives associated with globalization some developing countries are negatively affected by some aspects of globalization. Some of these issues relates to Neoliberalism and its effects on some countries whereby local businesses are suffering due to free and open market of trade. How can we compete when we lack the technological prowess used by Multi national corporations who can afford to sell their commodities at a much lower price and at acceptable quality? The availability of foreign commodities has caused a change in consumer taste and many individuals have been socialised into believing that foreign products are better. NOW TELL ME WHO BENEFITS THE MOST FROM NEOLIBERALISM? Unfortunately it is not us. How do we attempt to change people's taste in a democratic society where one is free to choose what they choose to eat,wear and the type of cars to drive? Meiling, JAPS chicken and chips and charles chocolate to name a few are some of the losers not forgetting the employees who suffers from wage cuts and layoffs.
I agree....................our local suppliers are faced with stiff competition. Consumers also the option of online shopping which has become very popular over the years. This service allows consumers to purchase foreign goods and services over the internet from the comfort of their home or office.
ReplyDeleteI must admit..........I am very guilty as I have from time to time shopped online. Unfortunately our local suppliers are sometimes forced to close up shop. This affects the economy negatively as persons are left without a job and income to support their family.
S. Lawrence
There are advantage/disadvantages while shopping on line. Are you sure the goods you are receiveing are of a high quality? Or can you return the items purchased without having to pay an additional cost. Just remember we are looked upon as a third world country and the core/developed nations think they can do the less developed countries whatever pleases them. I think we all take a risk in shopping online.
ReplyDeleteC. Samuel