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Globalisationfinal 100921120426-phpapp01
 

Globalisationfinal 100921120426-phpapp01

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    Globalisationfinal 100921120426-phpapp01 Globalisationfinal 100921120426-phpapp01 Presentation Transcript

    • Globalization is the process of interlinking the national economy with the world economy. It is a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade.
    • The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. Globalization aims at expanding business from domestic/local level to global level. The purpose of globalization is to exploit global opportunities for local growth.
    • The process of globalization gained momentum in INDIA since 1991. This i because in 1991 ,the governmsent introduced new industrial policy (nip) 1991, which introduced a number of reforms in respect of liberalization,privatisation and globalization.
    • Globalization has closely intertwined economic, political, cultural and institutional dimensions whose social impact is often not easy to disentangle. Some of these processes are driven by the logic of new technologies or market forces which are difficult to control, while others may be more amenable to management. As a result of greater access to markets, new technologies and new ways of doing business, many aspects of globalization have stimulated growth and prosperity and expanded possibilities for millions of people all over the world
    • The actual experience of globalization has, to a great degree, varied with the level of development at which a country has engaged with it. The degree and nature of participation of different categories of countries in global markets varies substantially. Although globalization raises particular concern for developing countries, apprehensions regarding it abound and have been vocally expressed even in developed countries. The experience of countries with economies in transition has been mixed.
    • Industrial: emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies. Financial: emergence of worldwide financial markets and better access to external financing for borrowers. Economic: the interconnectedness of these markets, however, meant that an economic collapse in any one given country could not be contained.
    • Political: some use "globalization" to mean the creation of a world government which regulates the relationships among governments Informational: increase in information flows between geographically remote locations. Ecological: the advent of global environmental challenges that might be solved with international cooperation
    • Developed nations have outsourced Exploitation of labour Job insecurity Sophisticated weapons enhancing their ability Bad aspects of foreign cultures Taken over Reduced the government’s ability
    • As a new Indian middle class has developed around the wealth that the IT and BPO industries have brought to the country, a new consumer base has developed. Globalization in India has been advantageous for companies that have ventured in the Indian market. Indian companies are rapidly gaining confidence and are themselves now major players in globalization through international expansion.