Globalization refers to the growing interdependence and integration of economies, societies, and cultures around the world through cross-border trade and investments as well as information flows. The document discusses several dimensions and aspects of globalization including its effects on culture, society, politics, economy and technology. It also examines the positive and negative impacts of globalization on issues like employment, prices, environment and terrorism. Several statistics based on surveys about people's perceptions of globalization are presented. The roles of multinational corporations and economic globalization are analyzed. The impact of globalization on India including its effects on the Indian economy is discussed. The interrelation between globalization and the internet/world wide web and their effects on business and mass media

1. Globalization And Its Effects On The
World

2. GLOBALIZATION

3. INTRODUCTION TO GLOBALIZATION !
Globalization is the word used to
describe the growing interdependence
of the world’s economies, cultures, and
populations, brought about by cross-
border trade in goods and services,
technology, and flows of investment,
people, and information. Countries
have built economic partnerships to
facilitate these movements over many
centuries.
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4. TO WHAT EXTENT GLOBALIZATION AFFECTS OUR IDENTITY
TO WHAT EXTENT GLOBALIZATION AFFECTED OUR IDENTITY?
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5. DIMENSIONS OF GLOBALIZATION
● CULTURE : Cultural Interchanges,a one world culture,homogenization.
● SOCIAL : Agricultural modernization, removal of direct support from the
state.
● POLITICS : An imposition of global governance/financial institutions.
● ECONOMY : Free trade or liberalization,privatization.
● TECHNOLOGY : Advancement in information communication
technology(ICT),technology and transportation.
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6. ASPECTS OF GLOBALIZATION
● FREE TRADE : Globalisation has helped improve trade volumes between
nations with minimal interference. The Gross Domestic Product (GDP) of
countries that have accepted globalisation has also increased
significantly,thus bringing in better cooperation between governments.
● INCREASE IN EMPLOYMENT : Every industry is responsible for generating
both direct and indirect jobs. And when Production increases,it has a
positive effect on employment.
● INTERDEPENDENCE : With the advent of globalisation,countries have
become more reliant on each other.It has helped to reduce trading barriers
and build overall economic prosperity
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7. ● URBANIZATION : When many foreign/local companies set up businesses in a
particular area,it becomes a region of economic activity.It leads to the
building of urban centres in and around industrial areas.
● STANDARD OF LIVING : With increased economic activity and opportunities
for employment,people have more money. They also have more options to
choose from because of improved job opportunities.
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8. Positive & Negative Impacts Of Globalization
NEGATIVE IMPACTS
1.Causes Environmental Damages
2.Causes fluctuation of Prices
3. Job Insecurity
4.Terrorism
Positive Impacts
1.Increase in World Trade
2.Rise in Employment
3.Innovation
4.Quality Improvement of products
5.Promotes World Peace & Unity
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9. The Impacts of Internet on the Globalization
Positive Impacts
1.Buisness Prospects
2.Mass Media Revolution
3.Interpersonal Interaction
4.Worldwide Culture
Negative Impacts
1. Inconsistent Global Access
2.Security Issues
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10. Reasons For
Globalization.
● Improvements in transportation
● Freedom of trade
● Improvements of communications
● Labour availability and skills
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11. The reasons for globalization are:
● Improvements in transportation - larger cargo ships, Goods
trains, aircrafts and other high tier vehicles mean that the cost of
transporting goods between countries has decreased.
Economies of scale mean the cost per item can reduce when
operating on a larger scale. Transport improvements also mean
that goods and people can travel more quickly.
● Freedom of trade - organisations like the World Trade
Organisation (WTO) promote free trade between countries, which
help to remove barriers between countries.
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12. The reasons for globalization are:
● Improvements of communications - the internet and mobile
technology have allowed greater communication between people
in different countries.
● Labour availability and skills - countries such as India have
lower labour costs (about a third of that of the UK) and also high
skill levels. Labour intensive industries such as clothing can take
advantage of cheaper labour costs and reduced legal restrictions
in LEDCs.
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13. STATISTICS BASED ON
SURVEYS OF
GLOBALIZATION
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14. People in emerging economies are more positive
about globalization
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A general appreciation
of the benefits of
globalization, trade, and
foreign direct investment
across this sample,
looking closer at the
data, we observe sharp
differences between
those in developed and
emerging economies. In
the eight emerging
economies surveyed,
seven took the top spots
in ranking of countries
with the most positive
view on globalization.
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15. Attitudes to the World Trade Organization
The World Trade Organization
(WTO) is currently in a tight spot.
Negotiations about the latest major
round of trade moderation have
been constant for more than
decade. Reform efforts have
stalled, and its arguably most
important member state – the US –
has been taking a very negative
stance toward the organization
under the current administration.
However, the survey paints a rather
positive picture for the WTO. It
finds that 62 percent of
respondents in this 15 country
sample consider the WTO to be an
important institution, with only 14
percent believing it is irrelevant.
While comparing to 2018, the
overall positive perception about
the WTO has increased by six
percentage points – up from 56 to
62 percent within two years.
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16. The need for solutions and strategies
to face the environmental crisis has
become more and more relevant in
the last couple of years. According to
the survey results, people see
globalization as damaging for the
environment through different
mechanisms such as energy
consumption, depletion of important
resources, air pollution,
deforestation, and water
contamination. However, when asked
whether they would accept forgoing
some of the benefits of globalization
for the sake of the environment, more
than half of interviewees stated that
they are willing to give up benefits
such as product variety, cheaper
goods, and international travel to
contribute to the fight against climate
The environment is an important issue in
thinking about globalization
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17. The role of MNCs in
Globalization process
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18. 1. MNCs establish control over production by placing orders with small
businesses in emerging countries.
2. MNCs establish production offices and factories in areas with inexpensive
labor and other resources.
3. They help in the transfer of capital from nations where it is plenty to those
where it is lacking.
4. They contribute to the creation of large-scale job possibilities by establishing
branches and affiliates.
5. They contribute to the expansion of knowledge and the development of
human resources.
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19. Economic Globalization
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20. What is Economic Globalization?
Economic globalization refers to the widespread international
movement of goods, capital, services, technology and information.
It is the increasing economic integration and interdependence of
national, regional, and local economies across the world through
an intensification of cross-border movement of goods, services,
technologies and capital.
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21. The rapid growing significance of information in all types of productive activities and
marketization are the two major driving forces for economic globalization.
The advancement of science and technologies has greatly reduced the cost of transportation
and communication, making economic globalization possible.
The dominant role of developed countries in the process of economic globalization is also
reflected in the fact that it is they that determine the rules for international economic exchanges.
Economic globalization is a thriving phenomenon of the past century and has greatly
influenced the world’s economy. Indeed, an aspect of economic globalization is the development
of firms into multinational companies.
Nowadays, it has been observed that more and more companies aim in exporting their products
and augmenting their customer database either by establishing an Internet Encarta or
franchising, firms aim to increase their profits while at the same time they contribute in the
construction of a global marketplace and the increase of the world’s GDP.
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22. GLOBALIZATION EFFECT ON STOCK
MARKET
1. Globalization decreases the cost of manufacturing.
2. Globalization also gives organizations the opportunity to
take advantage of lower labor costs in developing countries.
3. Globalization increases international investing.
4. Maintaing Competitiveness
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23. Globalization effect on trade
Globalisation has been taking place for hundreds of years
but has rapidly increased over the last 30 years or so.
Globalisation has resulted in:
• increased international trade
• the same company operating in more than one country
• a greater dependence on the global economy
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24. Analysis
Globalization Is Here to Stay !
Globalization does have problems and
negative effects, but it is not going to
disappear. So...
We need to learn how to reap its
benefits, and minimize its costs. To do
that, we must:
Understand its impacts
Work to remedy the problems
Work to spread the benefits as widely as possible
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29. Impact of Globalisation on
India
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30. While Primary aim was to promote business opportunities in this country, generate
employment, and attract global investments the impact went beyond and above..
● The introduction of globalisation changed Indian society drastically.
● The Indian economy became integrated into the global economy, and next
economic policies displayed a direct influence of this change.
● Government shaped administrative policies w.r.t Globalisation.
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32. Effects of Globalisation on
Indian Economy
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33. 1. More Employment Opportunities
Globalisation brought an influx of foreign investments which alongside policies of the
Indian government resulted in new employment opportunities.
2. Increase in per-capita Income
As a direct effect of more employment opportunities, the per-capita income of Indian
households also increased after globalisation.
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34. 3. More Choices for Consumers
Increase in competition, owing to Globalisation prompted manufacturers to create
better products at a much lower price point.
4. Access to untapped markets
A noticeable benefit of globalisation is that it provides access to many untapped
markets with huge potential. The globalisation of the Indian economy means it
allowed foreign companies to operate in the Indian market. Indian businesses also
got an opportunity to operate on a global scale as such, the import-export sector in
India saw an astonishing rise after 1991.
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35. Globalisation & World Wide
Web
Effects & Impact
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36. ● Without technology, globalization would probably not be a
topic for discussion. In particular, communications technology,
in which the Internet plays a major role, has revolutionized the
ways of the world like never before.
● A world without Internet is unimaginable today, so is the case
for Globalisation at its current state
● Globalisation & Internet: What gave way to whom is impossible
to devise, such is their closeness in terms of Interrelation.
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37. Effects & Impacts
❏ Effects on Business
❏ Effects on Mass Media
❏ Negative Impact of the Internet
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38. 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 globalisation, 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.

41. PEOPLE INVOLVED (Group F):
● Priyanjana Mandal : 22052136
● Priyank Patel : 22052137
● Puja Ghosh : 22052138
● Pushpa Sharon : 22052139
● Ranit Mukherjee : 22052140
● Rishi Raj Dutta : 22052141
● Rohit Mahatha : 22052142
● Rohit Sarkar : 22052143
● Rounak Sharaff : 22052144
● Rudrabikram Roy : 22052145