Group Discussion on Globalization| cause of Jingoism
what is jingoism(patriotism and against foreign products)-It is the patriotic feeling of promoting something that belongs to the Nation and is indigenous
jingoism pros and cons
Pros
Encourages cottage industries-There will be a lot of effect in making the cottage industries perform better by promoting them.There may also be a lot of concessions given to them increase the marginal profit gained by producing goods.
Helps small scale traders and farmers-The cottage industries may not be the prime source of income for many.Small farmers can use cottage industries to complement their income using these cottage industries.The ladies can do embroidery and other handicrafts to contribute to the income of the house.Pottery can also be a good add on.
Maintain the originality-When the goods are to be sold regionally,Then there is no need to give up on the originality.The products that compete in the global markets have to manufactured with a pace ,That can keep with the competition
Cons
No global competition-In case of cottage industries they are never exposed to the global competition.As a result the goods cannot be calibrated against the goods that are available in the global market.
Smaller market to sell the goods-In case of small scale producers of handicrafts they would regionally sell the goods.In very few cases the goods may reach a state level circulation of the goods.The small market also puts a limitation on the amount of money that can be invested in it.
No exposure to latest market technologies -In extreme cases the artisans are not exposed to the products or the technologies used to manufacture the product.There is no benchmark that we can calibrate the product against.This way we would have to keep believing that the goods we get are hopefully the best .There is no certain way to know
Rapid globalization eradicating manual labour-In India most of the small scale cottage industries still rely on manual labour to a great extent .This is because of the reason that they cannot afford to invest on machinery if it could help them increase their output exponentially
Difficult of small labourers in competing against automation-In the scenario when the cottage industries are exposed to the global market.There will be great demand for goods that are hand made and have unique touch of the artist to it.These good will be of high demand.On the other hand the goods that are just manufactured in bulk will not stand a chance against the same product taking the path of automation.The prime cause of concern will be the cost of each article produced and the time consumed in producing each of the articles.
Penetrative pricing by big giants making -This a strategy followed by some of the big companies.In this the price of a product will be very low as compared to its rival products.This is done in order get a significant market share and make the customer acquainted with the product.This initial loss is considered a form of investment.The small scale vendors will not be able to compete with the prices.They would have to hold their stand till the product by the MNC returns to the actual pricing.
Penetrative pricing by big giants making -This a strategy followed by some of the big companies.In this the price of a product will be very low as compared to its rival products.This is done in order get a significant market share and make the customer acquainted with the product.This initial loss is considered a form of investment.The small scale vendors will not be able to compete with the prices.They would have to hold their stand till the product by the MNC returns to the actual pricing