Friday, November 03, 2006

Globalization and Privatization

One of the most hazardous aspects of unprofessional and unhindered globalization is the privatization of key publicly held companies to MNCs at prices lesser than what it would receive to set up a new business in that field. On a selective basis, globalization indeed brings in new technology and conflict to globalization is not tantamount to becoming scientifically secluded from the rest of the world.

In other words, if we let the Cokes and Pepsis of the world to come in, the INTELs, the AMDs, and the CISCOs will follow. By privatizing oil and gas companies and other vital infrastructure related companies - India's vital interests will be even more controlled by foreign happiness that could disrupt on the facility of India to take the best decisions vis-à-vis protecting its monarch rights and interests.


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