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Globalisation

Globalization is the increasing interconnectedness between nations through cross-border trade and financial transactions, use of technology, and exchange of ideas and culture. It allows for greater international business opportunities but can also negatively impact local traditions and concentrate power with large corporations. While globalization offers benefits like economic growth and sharing of knowledge, it also faces criticisms such as exploitation of poor countries and threats to the environment. Overall, globalization presents both opportunities and challenges that people and societies must thoughtfully evaluate and address.

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Anjali Mishra
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369 views7 pages

Globalisation

Globalization is the increasing interconnectedness between nations through cross-border trade and financial transactions, use of technology, and exchange of ideas and culture. It allows for greater international business opportunities but can also negatively impact local traditions and concentrate power with large corporations. While globalization offers benefits like economic growth and sharing of knowledge, it also faces criticisms such as exploitation of poor countries and threats to the environment. Overall, globalization presents both opportunities and challenges that people and societies must thoughtfully evaluate and address.

Uploaded by

Anjali Mishra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Globalization

What is globalization?
By the term globalisation we mean
opening up of the economy for world
Globalization is the process by which market by attaining international
the world is becoming more and more competitiveness. Thus the
interconnected. This interconnection globalisation of the economy simply
occurs on a global scale, involving indicates interaction of the country
people from different nations all over relating to production, trading and
the world. financial transactions with the
developed industrialized countries of
the world.
Objectives of globalisation

cross-border transaction of
goods and services,

wide scale financial transactions


between nations,

international treaties for defense


and security tie-ups,

international dimension of large


business enterprises,

communication across the globe,


and
Contin.....

massive use of technology including internet technologies,

transfer of technology and including defense technologies,

massive sharing and exchange of knowledge between countries.

advanced transportation system (road, sea, and air) between countries,

movement of capital between countries in the form of investments,


It expands our
understanding.

It brings us
freedom

Globalization
Advantages of Making cultures
makes trade
globalisation richer
boom!

Sharing ideas

Promoting peace
Disadvantages
of Globalization

We did not all Corporations The loss of local Loneliness,Bad


The poorest
choose a ruling the traditions, A for the
people lose out
globalized life, world? lack of roots. environment
Conclusion
There is no denying that there are plenty of arguments both for and against
globalization. Globalization can offer great opportunities for business,
education, friendship and even love. More and more people are meeting
their partners online and then traveling across the world to meet them
these days!
However, there are also some downsides to globalization. Most saliently, it
can be exploitative and bad for the environment, as well as having the
potential to be overly corporate and threatening the survival of local
cultures, languages and traditions.
Whether we like it or not, it seems that we are all living in an increasingly
globalized society. And so it is very important for every one of us to decide
which aspects of globalization we think are good and which we think are
bad and to act accordingly. Hopefully this list of 10 advantages and
disadvantages of globalization has helped you to make up your mind about
this complex issue.

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