My School project.

2. Globalization is a process of interaction and integration
among the people, companies, and governments of
different nations, a process driven by international
trade and investment and aided by information
technology.

4.  Spread of democracy-increased access to
resources-ideally by the formerly disenfranchised
 Increased foreign investment due to stabilization
of government
 Greater opportunities for entrepreneurs
 Long-term--lower prices for consumer goods and
services
 Greater psychological well-being for those who
become educated and take advantage of the
increased opportunities for personal enrichment
afforded by a free, democratic society

6.  Irregular participation from certain states.
 Environmental issues due to lack of rules
and regulations.
 Lack of labor laws can have a bad affect on
the working population.
 Competition for the products made by small
businesses.

8.  Devaluation: The first step towards
globalization was taken with the announcement
of the devaluation of Indian currency by 18-19
percent against major currencies in the
international foreign exchange market.
 Disinvestment-In order to make the process of
globalization smooth, privatization and
liberalization policies are moving along as well.
Under the privatization scheme, most of the
public sector undertakings have been/ are being
sold to private sector

9. Globalization can be a positive thing if proper rules
and regulations are implemented. It can help a
nation in poverty or any nation to reach to the
status of a developed nation and ensure human
well being.

10. Nijil Jacob -17
Paul .j. Padiyara - 18