Globalization is the process of international integration arising from the interchange of ideas, products and culture. Advances in transportation and telecommunications have been major factors in globalization by generating interdependence between economic and cultural activities. Globalization began increasing in the modern era due to factors like the steam engine, but some trace its origins back to 3000 BCE. In the late 19th century, the connectivity of the world's economies and cultures grew rapidly.

1. GLOBALIZATI
ON
PRESENTED BY,
MINAKSHI ROKADE

2. INTRODUCTION
Globalization or globalisation is the process of international integration
arising from the interchange of world views, products, ideas, and other
aspects of culture. Advances in transportation (such as the steam
locomotive, steamship, jet engine, and container ships) and
in telecommunications infrastructure (including the rise of the telegraph and
its modern offspring, the Internet, and mobile phones) have been major
factors in globalization, generating further interdependence of economic and
cultural activities. Though many scholars place the origins of
globalization in modern times, others trace its history long before
the European Age of Discovery and voyages to the New World. Some even
trace the origins to the third millennium BCE. Large-scale globalization began
in the 19th century. In the late 19th century and early 20th century, the
connectivity of the world's economies and cultures grew very quickly.

3. CHARACTERISTICS
1. Liberalization
2. Free Trade
3. Globalization of Economic Activities
4. Connectivity
5. Borderless Globe
6. A Composite Process
7. A Multi-dimensional Process
8. A Top-Down process
9. Global State vs Global Civil Society

4. STAGES
1. MARKET ENTRY
2. PRODUCT SPECIALIZATION
3. VALUE CHAIN DISAGGREGATION
4. VALUE CHAIN REENGINEERING
5. THE CREATION OF NEW MARKETS

5. ESSENTIALS
1. BUSINESS FREEDOM
2. FACILITIES
3. GOVERNMENT SUPPORT
4. RESOURCES
5. COMPETITIVENESS
6. ORIENTATION

6. THANK YOU