about globalization

1. BY: V JAYA MOHNA KRISHNA
GLOBALISATION

2. Flow of content
⚫ Introduction
⚫ Globalisation
⚫ Integration of economies
⚫ Aspects of globalisation
⚫ Dimensions of globalisation
⚫ Reason for globalisation
⚫ Advantages and disadvantage
⚫ Globalisation of Indian economy
⚫ Major policy changes
⚫ Impact of globalisation:- Positive and Negative
⚫ Conclusion

3. Introduction
⚫ The modern world is seen as the world without
geographical boundaries and any kind of barriers.
Globalisation has been the major force behind this.
⚫ Globalisation is the integration of the world
economy and exchanging the ideas, products,
technologies etc.
⚫ The globalisation hit India late but had huge impact
on the nations economic policies and various other
aspects.

4. Globalisation
⚫ Globalisation is the process of
international integration arising from th
interchange of world views, products, ideas,
and other aspects
 of culture.
⚫ Globalisation means rapid increase in the
share of economic activities taking place
across national borders.

5. Integration of Economies
⚫ The increasing
reliance of economies
on each other
⚫ The opportunities to
be able to buy and sell
in any country in the
world
⚫ The opportunities for
labour and capital to
locate anywhere in the
world
⚫ The growth of global
markets in finance

6. Aspects of globalisation
⚫ Trade and transactions
⚫ Capital and investment
movement
⚫ Migration
⚫ Dissemination of
knowledge

7. Dimensions of globalisation
⚫ Economic globalisation
⚫ Political globalisation
⚫ Cultural globalisation
⚫ Ideological globalisation

8. Reasons for globalisation
⚫ Better resources
⚫ Low cost of production
⚫ Dilution of the local market
⚫ Operating internationally
⚫ Market expansion
⚫ Increased profit

9. Globalisation…
 THE BAD
 Takeover of national
firms
 Brings instability
 Impact on traditional
industries
 Affects small
industries
 Widens disparity
 Cultural impact
• TheGOOD
⚫ Increased
productivity
⚫ High standards of living
⚫ Increase flow of
foreign capital
⚫ Increased
competition
⚫ Increase in the
foreign trade
⚫ Induce domestic

10. Globalisation of Indian
economy
⚫ Indian economy adopted
the policy of restriction
after the independence.
⚫ But in 1991 due to the
economic crises the
government of India
decided to open its market
for the foreign
investments.
⚫ The new economic
policies adopted had
impact on every sector of
the Indian economy.

11. Major policy changes
⚫ Licence abolishing
⚫ Dilution of MRTP act
⚫ Foreign investment encouraged
⚫ Fiscal reforms
⚫ External sector reforms
⚫ Outward looking policy
⚫ Public sector reforms

12. Impact of globalisation
⚫ Rapid growth of
business.
⚫ Opportunity to go
global.
⚫ Introduction of various
new technology.
⚫ Rise in access of
technology in rural
area.
⚫ New technology in the
agriculture
⚫ Literate farmers
⚫ Rise in the literacy rate

13. Impact of globalisation
⚫ Disparity in the society
⚫ Ethical responsibility of
business has been
diminished.
⚫ Price hike of every daily
usable commodities.
⚫ The local business has
perished
⚫ High growth but problem
of unemployment.
⚫ Affected the agriculture
sector

14. Conclusion
⚫ Globalisation had increased the trade of products,
ideas, technologies etc. and created the world
without boundaries but it also had some negative
impact on the developing countries.
⚫ Flowing with globalization ,India is shining in nearly
every Prospects. India is getting a global
recognition and slowly moving towards to become
a major economic and political strength.
⚫ Though the development is progressing rapidly, still
many basic problems like rural poverty, corruption
and political instability remained unsolved.