Question

Explain any three advantages of globalization.

Answer 1

Globalisation is a process by which countries of the world benefit in several ways. Three main benefits or advantages derived from globalisation are in countries being able to procure the best and most efficient technologies for their production processes, being able to develop markets for their products and services across the globe and outsourcing jobs to countries where costs are low and the manpower cheaper than in their own country. Leveraging on expertise and economic advantages, countries that have globalised are today economically ahead of those that have not opened up their economy.

Answer 2

Answer:

we need globalisation as..

1.consumers enjoy improved quality and lower prices for several products

.2.today people enjoy much higher standards of living.

3.MNCs have increased their investment in india.

4.jobs have been created.

5.Waste Reduction from greater Economic Efficiency.

6. More international trade.

Hope this helps