The process by which businesses or other organizations develop international influence or start operating on an international scale.

1. Impact Of
Globalization

2. • Globalization is the process in which people, ideas and goods spread
throughout the world, spurring more interaction and integration
between the world's cultures, governments and economies
• The development of transport and communication technology
led to situation where national borders appeared to be too
limiting for economic activity
• Globalization has created new opportunities for developing
countries
Introduction

3. Impact Of
Globalization• Economic Impact
• Technological and Cultural Impact
• Political Impact

4. Economic impact
Pros
• Providing job opportunity for free trade
• Free movement of labor
• Indian companies to enter into foreign collaborations
Cons
• Tax havens
• Harm to developing countries
• Smaller firms may lack the resources

5. Technological and Cultural
Impact
Pros
• Increasing International trade and cultural exchange
• Customization and adaptation of global culture
• Cheaper Imports and larger Export markets
Cons
• Spread of commodity-based consumer culture
• Westernization, cultural imperialism or cultural colonialism
• Dangerous or violent ideals can also spread faster

6. Political Impact
Pros
• Access to international aid and support
• Contributes towards the world peace
• Smaller countries can work together
Cons
• The gap between the rich and poor
• Income inequalities
• Competition among developing countries

7. Positive Impact Of
Globalization
• High Standard Of Living
• Supply of Raw Materials
• Quality Products
• Job Opportunity
• Foreign Collaboration
• Indian MNCs
• New Technology
• Introduces Better Trade
• Flow Of Investment

8. Negative Impact Of
Globalization
• Small producers are put to hardship
• Less wages
• Uncertain employment
• Rising Competition
• Effect on agriculture sector
• Loss in tradition and values
• Dominance of foreign Industries

9. Impact Of Globalization In
Developing Countries
• Market growth and improved productivity
• Standard of living
• New challenges (instability in commercial and financial
markets)
• The inequality between the rich and poor
• Cultures, customs and traditional changes
• Globalization expanded the need for higher education
for both men and women

10. Conclusion
• Globalization has both positive and negative side
• Provides greater opportunities
• Does not protect the domestic industries
• Ethical responsibility of business has been diminished
• High growth but problem of unemployment
• Price hike of daily usable commodities