Question

Explain impact and benefits of globalization.

Answer 1

In a song in Wake up Sid, Ranbir Kapoor and his friends are shown celebrating post exams. They party and eat out. But there is one scene where the audience gets the sense of their freedom. It is when Kapoor rises through the sunroof of his car, opens his arms and feels the wind in his hair. 

Today, it is a common sight to see kids looking out of the sunroof of their vehicles (not a good idea, by the way). But a sunroof is more than just an exquisite feature of a car. "It permits just the right amount of fresh air and sunshine to make driving enjoyable," says Joe King, head, Audi India. "It improves interior climate by means of efficient ventilation while reducing the draughts." 

The automaker recently custom built an Audi A8L Extended, a 6.36 m sedan, for an European customer. It had three sunroofs, one for each row of seats. 

Answer 2

Answer:

Globalization is about the interconnectedness of people and businesses across the world that eventually leads to global cultural, political and economic integration. It is the ability to move and communicate easily with others all over the world in order to conduct business internationally. The benefits of globalization are:

A better economy – it introduces rapid development of the capital market

The new technologies and progress in telecommunication, introduction of satellites, mobiles etc are all results of globalization.

The new scientific research patterns are all results of globalization.

Living standards of people are improving.

Globalization introduces better trade. This is because more people are employed. This increases productivity.

Culturally speaking, globalization has brought in different ideologies, and thought process amongst people.