एक्सप्लेन एनी थ्री एडवांटेजेस ऑफ ग्लोबलाइजेशन
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GLOBALISATION and greater competition among local and foreign producers has been of advantage to consumers.
There is greater choice before the consumers. Now, they enjoy improved quality and lower prices of several products.
Consumers enjoy higher standards of living than was possible earlier.
It integrates countries through foreign trade and foreign investments by multinational companies.
Interconnections have many dimensions-cultural, political, social and economic.
There is an expansion of markets due to globalisation.
New techniques of production and modem technology taking place.
Globalisation has enabled some large companies to emerge as multinational themselves.
Globalisation has created new opportunities for companies providing services, mainly those involving IT.
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