what do you meant by GLOBLISTION.? explain the positive and negative impact of globalization.

Globalization is basically means integration of economies across the globe.It is the process by which organizations and countries as a whole interact globally and establish their influence internationally.

Globalization is a dynamic and broad concept. It brought about positive impacts for most of the countries including India. Major impact of globalization can be seen post reform period when India adopted Liberalization,Privatization and Globalization (LPG) policies. Major change brought about by Globalization was in India's attitude. India,at the eve of independence.had a very conservative and protectionist approach. Saving domestic producers from foreign competition,being a social state,were the features of India before reforms.Once India opened itself to global market,it allowed India to go beyond its domestic limitation and explore globally. Introduction of FDI and FII was a major change adopted in 1990s which is till carried on today. Import duties and tariffs were reduced fore smooth flow of goods and services. India now imports technology and capital goods to carry out huge production activities at home. Domestically,many public sector companies are converting to private corporations for better working and management. Privatization is also an effect of globalization.


Talking about the negative impact of Globalization on India,it somewhere hurt the very small producers and local handicrafts producers. Globalization gave immense power in the hands of already powerful business.Big companies with huge capital expanded their business overseas but small producers couldn't stand the competition and had to shut down. Similarly,local handicrafts which involve great hard work and input couldn't fetch the just price in global market since similar products were made available to consumers at cheaper prices by MNCs.

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it is not globlistion. it is globilisation,

GLOBILISATION refer to the outcome of policies of liberalisation and privatisation. It means an integration of the economy of the country with the world economy

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Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac there and you can watch an American film in Rome. Today goods are made and sold all over the world, thanks to globalization.Globalization lets countries move closer to each other. People, companies and organizations in different countries can live and work together. We can exchange goods , money and ideas faster and cheaper than ever before. Modern communication and technology, like the Internet, cell phones or satellite TV help us in our daily lives.Globalization is growing quickly. A German company can produce cars in Argentina and then sell them in the United States. A businessman in Great Britain can buy a part of a company in Indonesia on one day and sell parts of another business in China the next, thanks to globalization. Fast food companies open shops around the world almost every day. Good sides Globalization lets countries do what they can do best. If, for example, you buy cheap steel from another country you dont have to make your own steel. You can focus on computers or other things. Globalization gives you a larger market. You can sell more goods and make more money. You can create more jobs. Consumers also profit from globalization. Products become cheaper and you can get new goods more quickly.Bad sides Globalization causes unemployment in industrialized countries because firms move their factories to places where they can get cheaper workers. Globalization may lead to more environmental problems. A company may want to build factories in other countries because environmental laws are not as strict as they are at home. Poor countries in the Third World may have to cut down more trees so that they can sell wood to richer countries. Globalization can lead to financial problems . In the 1970s and 80s countries like Mexico, Thailand, Indonesia or Brazil got a lot of money from investors who hoped they could build up new businesses there. These new companies often didnt work, so they had to close down and investors pulled out their money. Some of the poorest countries in the world, especially in Africa, may get even poorer. Their population is not as educated as in developed countries and they dont have the new technology that we do. Human, animal and plant diseases can spread more quickly through globalization

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