Advantages and Disadvantages of Localization

Localization Definition:

According to its literal meaning localization is to limit any subject, product, and service to a specific place or area. Localization gives high priority to a specific place or area. Localization gives high priority to a specific place. It focuses on the protection and promotion of local art, culture, customs, rituals, values, and assumptions. It forwards the concept of giving priority to local people's views, opinions, wants, and thoughts. Localization stresses the development of a society based on knowledge by providing access to information technology to the local level. New inventions should be based on local skills and technology. It also focuses on the identification of traditional values, assumptions, and culture

Localization is a good development approach in creating a self-sustained economy of a nation based on the principle of 'balanced development.' It prioritizes the production and utilization of goods and services of the particular limited area. It is crucial in promoting local culture, way of life, norms and values, and patriotism. It prioritizes local development by facilitating the local areas themselves, New inventions, innovations, and creativities are prioritized but they are to be accompanied by the use of local technology and skill.

An example of Localization

Federalism has increased the importance of localization. Direct participation of the citizens in politics, good governance at the local level, social development, and localization of politics are the priorities of the federal system. Actually, localization is the preservation of uniqueness. Its priority is unity in diversity. United Nations has made 100 years plan for localization.

Advantages and Disadvantages of Localization:

Localization, actually, is one of the core values in federalism. Federalism, for instance, encourages the use of locally available means and resources and encourages public participation at the local level for development work. Even the UN0 has focused on prioritizing localization while setting its Millennium Development Goals, and Sustainable Development Goals. Nevertheless, this system is not flawless. Let's overview of the advantages and disadvantages of localization.

Advantages/Merits or Strengths of Localization

The advantages of localization are mentioned below:

1. Prioritization for the development of backward sectors.
2. Discourages to internationalization of laborers, goods, and services.
3. Prioritization of people-centered development.
4. Promotion of local products, cultures, and services.
5. Creation of self-sustained economy and standard of living.
6. Promotion of nationalism. ( going against the interference of the foreign nations)

Disadvantages/Demerits or Flaws of Localization

The disadvantages of localization are as follow:

1. Promotion to price hike with no or less competition.
2. Restriction on internationalization or globalization of goods and services to people.
3. Deprivation of the global economy and culture.
4. Restriction on the use of internationally reputed goods and services.
5. Prioritization to the development of a limited area.
6. Promotion to rigidity towards own culture and way of life. 

Conclusion

In short, localization is an approach that helps to create a self-sustained economy. Localization helps to prioritize production and mobilization of goods and services in a local or domestic level. But it deprives a country or a person to have international exposure.

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About Sagar Basnet

So I am Sagar Basnet the author of this blog. I read in high school and I have created this blog in order to express my views.Thank You!

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