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Globalization
- 1. Globalization Interaction and integration among people, companies, and governments worldwide
- 2. Types of Globalisation Political globalisation • Political globalization refers to the amount of political co-operation that exists between different countries. Social globalisation • Social globalization refers to the sharing of ideas and information between and through different countries. Economic globalisation • Economic globalization refers to the interconnectedness of economies through trade and the exchange of resources
- 3. • Foreign companies invest in India to take advantage of relatively lower wages, special investment privileges such as tax exemptions • In October 2018, VMware, a leading software innovating enterprise of US has announced investment of US$ 2 billion in India between by 2023. • In August 2018, Bharti Airtel received approval of the Government of India for sale of 20 per cent stake in its DTH arm to an America based private equity firm, Warburg Pincus, for around $350 million. • In June 2018, Idea’s appeal for 100 per cent FDI was approved by Department of Telecommunication (DoT) followed by its Indian merger with Vodafone making Vodafone Idea the largest telecom operator in India Investment in the form of a controlling ownership in a business in one country by an entity based in another country
- 5. Sector Wise FDI Limit 100% Agriculture & Animal Husbandry Mining Telecom Services Civil Aviation Broadcasting Pharmaceuticals Defence Manufacturing Plantation Sector 49% Petroleum & Natural Gas Broadcasting Content Services Infrastructure Company Pension Sector Power Exchanges • Print Media – 26% • Private Security Agencies – 74 % • Banking- Private Sector – 74% • Banking- Public Sector – 20 % OTHERS :
- 6. Joint Ventures When two or more business entities come together to achieve a common purpose, it’s called a Joint Venture
- 7. Mergers and Acquisitions • Consolidation of companies • Mergers is the combination of two companies to form one, while • Acquisitions is one company taken over by the other.
- 9. Impact of Globalisation • Rapid growth of business • Opportunity to go global • Introduction of various new technology • Rise in access of technology in rural areas • New technology in agriculture sector • Rise in the literacy rate and quality of life • Disparity in the society • Price hike of consumer goods • Local business perish • High Growth but at the cost of rising Unemployment
- 12. What is De globalisation ? • Deglobalization or Deglobalisation is the process of diminishing interdependence and integration between certain units around the world, typically nation-states. • It is widely used to describe the periods of history when economic trade and investment between countries decline.
- 13. Thank You !