Current examples of impact of globalisation on indian society
Answers
Globalization in Economics
Multinational corporations operate on a global scale, with satellite offices and branches in numerous locations.
Outsourcing can add to the economic development of a struggling country, bringing much needed jobs.
Some automobiles use parts from other countries, as in a car being assembled in the United States with the parts coming from Japan, Germany, or Korea.
The Free World Trade Organization supervises world trade.
The European Union is an economic and political union of 28 countries that are located primarily in Europe.
The North American Free Trade Agreement (N.A.F.T.A.) is a trade bloc in North America.
One shirt sold in the United States could have been made from Chinese cotton by workers in Thailand. Then it could have been shipped on a French freighter that had a Spanish crew.
A McDonald's in Japan and other countries shows the growth of companies over the entire world.