2. MEANING OF GLOBALISATION :-
THE PROCESS BY WHICH BUSINESSES OR
OTHER ORGANISATION DEVLOPE
INTERNATIONAL INFLUENCE OR START
OPERATING ON A INTERNAYIONAL SCALE.
THE INCREASE OF TRADE AROUND THE
WORLD,ESPICALLY BY LARG COMPANIES
PRODUCING AND TRADING GOODS IN MANY
DIFFERENT COUNTRIES.
3. CHARACTERISTICS OF GLOBALISATION
:-
BORDERLESS GLOBE :-
BORDER LESS MEANS BREAKING THE BARRIERS OF
NATIONAL BOUNDRIES AND EXPAND THE BUSINESS ALL OVER THE WORLD
IN DIFFERENT COUNTRIES .
GLOBALISATION MEANS RAISED THE
STANDER OF LIVING :-
MNCs PRODUCED BRANDDED GOODS, THE CONUMER
HAVING MORE CHOICE TO PICK QUALITY ITEMS AT RIGHT PRICE, AND
PEOPLE CHOISE THE GOOD QUALITY PRODUT AT RESONABLE COST THIS HAS
HELPED IN RAISING THE STANDERR OF LIVING
4. GLOBALISATION HAS LINKED THE POLITICS
WITH THE ECONOMOCS :-
THE EXPENDATION OF BUSINESS IS DEPAND ON THE RELATION
OF ON COUNTARY WITH ANOTHER COUNTRY . SO THAT WAS WHY THE POLITICS
AND ECONOMOCS ARE LINKED WITH EACH OTHER.
GLOBALISATION PROMOTES CULTURAL
EXCHANGE :-
GLOBALISAATION ALLOWS THE INTREAACTION OF PEOPLE
FROM DIFFERENT COUNTRIES, WITH DIFFERENT CULTURE CHARACTERISTICS. AT
PRESENT IT IS POSSIBLE TO VISIT DIFERENT REGION TO KNIW THEIR CULTURE
THERE MODES OF BEHAVIOUR.
5. CONCER ABOUT LEARNING NEW
LANGUAGE :-
IN THE GLOBALISATION ERA IT IS COMMAN TO PEOPLE TO WANT TO
LEARN ATLEAST ONE LANGUAGE OTHER THAN THE NATIVE LANGUAGE. BECAUSE
THERE IS DIFERENT LANGUAGE IN DIFFERENT COUNTRIES.
COMPETITION AND DEPENDENCY BETWEEN
DEVELOPED AND DEVELOPING COUNTRIES:-
6. EFFECT OF GLOBALISATION ON INDIAN
ECONOMY :-
THERE ARE TWO TYPES EFFECT OF
GLOBALISATION ON INDIAN ENONOMY :-
* POSITIVE EFFECT
* NEGATIVE EFFECT
7. POSITIVE EFFECTS OF GLOBALISATION
ON INDIAN ECONOMY :-
INCREASE IN FOREIGN INVESTMENNT :-
AS A CONCEQUENCE OF GLOBALISATION IN THE
FOREIGN INVESTMENT POLICY 1991, OUR GOVT. START ENCOURAGING THE
ENTRY OF FOREIGN INVESTMENT THERE HAS BEEN A CONSIDERRABLE
INCREASE IN FOREIGN DIRECT INVESTMENT .
INCREASE IN FOREIGN COLLABORATION :-
GLOBALISAATION HAS PROMOTED THE COLLABORATION OF
FOREIGN COMPANIES WITH MANY INDIAN COMPANIES. THE
COLLABORATION AGREEMENT CAN BE TECHNICAL. FINANCIAL OR BOTH,
8. DEFINATION OF GLOBALISATION :-
EXPANSION OF MARKET :-
GLOBALISATION HAS EXPAND THE SIZE OF MARKET IT
HAS PERMITTED INDAIN BUSINESS UNIT TO EXPEND THEIR BUSINESS INN
THE WORLD. NOW THE MULTINATIONAL COMPANIES HAVE NO NATIONAL
BOUNDRIES. INDIAN COMPANIES LIKE TATA, WIPRO TATA STEEL, RELIANCE
ETC. ARE DOING THERE BUSINESS IN MANY COUNTRIES OF WORLD.
TECHNOLOGICAL DEVELOPMENT :-
GLOBALISATAION HAS PROMOTED THE TECHNICAL COLLABORATION OF
FOREIGN COMPANIES. THIS COLLABORATION ENABLED THE INFLOW
MODERN ADVANCED AND SUPERIOR TECHNOLOGY IN INDIA. NOW INDIA
BUSINESS UNIT USE THE MODERN TECHNOLOGY.
9. BRAND DEVELOPMENT & QUALITY
IMPROVEMENT :-
GLOBALISATION HAS PROMOTED THE USE OF BRANDED GOODS. NOW
NOT ONLY DURABLE GOODS ARE BRANDED BUT PRODUCT LIKE GARMENTS, JUICE,
FOOD GRAIN ETC. ARE ALSO BRANDED . BRADN DEVELOPMENT HAS LEAD TO
QUALITY IMPROVEMENT.
INCREASE IN EMPLOYMENT :-
AS A RESULT OF GLOBALISATION FOREIGN COMPANIES ARE
ESTABLISHING THEIR PRODUCTION UNIT IN INDIA. IT HAS INCREASED EMPLOYMENT
OPPORTUNITIES FOR INDIANS. MANY INDIANS ARE EMPLOYED IN FOREIGN
COMPANIES.
10. DEVELOPMENT OF CAPITAL MARKET :-
GLOBALISATION HAS HELPED IN INDIAN CAPITAL MARKET
DEVELOPMENT NOW MANY FOREIGN INVESTOR INVEST IN INDIAN CAPITAL
MARKET THERE HAS BEEN SUBSTANTIAL INCREASE IN INFLOW OF FOREIGN
DIRECT INVESTMENT.
11. NEGATIVE EFFECT OF GLOBALISATION
ON INDIAN ECONOMY :-
LOSS OF DOMESTIC INDUUSTRIES :-
AS A RESULT OF GLOBALISATION FOREIGN COMPETITION
HAS INCREASED IN INDIA. BECAUSE OF BETTER QUALITY AND LOW COST OF
FOREIGN GOODS, MAY INDIAN INDUSTRIES UNITS HAVE FAILED TO FACE
COMPETITION AND HAVE BEEN CLOSED.
PROBLEM OF UNEMPLOYMENT :-
AS A RESULT OF GLOBALISATION FOREIGN COMPANIES OR
INDAIN COMPANIES USE CAPITAL INTENSIVE TECHNOLOGY. WITH THE
INCREASE USE CAPITAL INTENSIVE TECHNOLOGY THE EMPLOYMENT
OPPERTUNITIES ARE REDUCED AND INCREASE THE PROBLEM OF
UNEMPLOYMENT IN INDIAN ECONOMY.
12. EXPOITATION OF LABOUR :-
GLOBALISATION IS EXPLOATING UNSKILLED WORKER
BY GIVING LOWER WAGES, LESS JOB SECURIITY, LONG WORKING HOURS
AND WORS WORKING CONDATION.
INCREASE IN INEQUALITIES :-
GLOBALISATION HAS BENIFITED MNCs AND BIG
INDUSTRIAL UNIT BUT SMALL AND COTAGE INDUSTRIES ARE ADVERSELY
HIT BY IT . IT HAS INCREASED THE INEQUALITY IN INDIA.
13. BAD EFFECT ON CULTURAL AND VALUE
SYSTEM :-
MANY GLOBAL COMPANIES SELL SUCH PRODUCT AS DISTORT OUR
CULTURE AND VALUE SYSTEM. THE VULGAR ADVERTISEMENT SHOWS BY SOME MNCs
POLLUTE THE THINKING OF OUR GENERATION IN INDIA.
14. REASON FOR CAUSES/GROWTH OF
GLOBALISATION :-
IMPROVED COMMUNICATION :-
THE DEVELOPMENT OF THE TECHONOLOGIES SUCH AS
INTERNET , EMAIL AND MOBILE PHONES HAS HELP THE GROWTH OF
GLOBALISATION BECAUSE THEY HELP MNCs TO OPERATE THROUGHT THE
WORLD.
IMPROVED TRASPORT :-
THE DEVELOPMENT OF CONTAINER TRANSPORT, BULK
SHIPPING AND IMPROVED AIR TRANSPORT HAS ALLOWED THE EASY MASS
MOVEMENT OF THE GOODS THROUGHT THE WORLD.
15. FREE TRADE AGREEMENT :-
MNCs AND RICH CAPITALIST COUNTRIES HAVE ALWAYS
PROMOTED GLOBAL FREE TRADE AS A WAY OF INCREASING THEIR OWN
WELTH AND INFLUENCE.
INTERNATIONAL ORGANISATION SUCH AS THE WORLD
TRADE ORGANISATION AND THE IMF ALSO PROMOTE FREE TRADE.
GLOBAL BANKING :-
MODERN COMMUNICATION TECHNOLOGIES ALLOW VAST
AMOUNT OF CAPITAL TO FLOW FREELY AND ISTANTLY THROUGHT THE
WORLD.
16. THE GROWTH OF MNCs :-
THE GROWTH OF BIG MNCs SUCH AS MICROSOFT, Mc
DONALDS AND NIKE IS A CAUSE AS WELL AS A CONSEQUENCE OF
GLOBALISATION.
GLOBALISATION ALLOW MNCs TO PRODUCE GOODS
AND SERVICES TO SELL PRODUCT ON A MASSIVE SCALE THROUGHT THE
WORLD.
17. OBSTACLES IN THE PATH OF
GLOBALISATION IN INDIAN ECONOMY:-
1. BUREAUCRATIC HURDELS.
2. UNSTABLE GOVERN,ENT POLICIES.
3. BACKWARD TECHNOLOGY.
4. POOR INFRASTRUCTURE.
5. SMALL SIZE BUSINESS UNIT.
6. INCREANING THE GLOBAL COMPETOTION.
