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Thomas Friedman in his book says " The world is flat "
and goes on to write three hundred and sixty five more pages on the
benefits of globalization and how the phenomenon , right from the fall
of the Berlin wall to the rise of outsourcing, has transformed this
world for the better. It is unquestionable that Globalization changed
the world. But was this change for the better or for the worse, is
debatable. It may seem counter-intuitive at first to so blatantly
deride such a progressive measure such as Globalization, however a
closer look does force us to have second thoughts.
The first evidence that supporters of Globalization
claim as it's greatest achievement is the economic miracles it has
produced. The Dotcom boom of the late nineties and early noughties
comes across as the proudest child of Globalization. And it is true;
the very famous "India Shining" would not have been possible without
the huge investment that occurred in the service sector at that time.
The services sector contributes roughly about seventy percent to the
nation's GDP. However this seems analogous to a family car speeding at