give an account on impact of globalistion
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Answer:
How are you watching this lesson right now? Are you on your laptop, or maybe a tablet, or even your cell phone? When a company like Dell is building a computer, the computer may be assembled in India (a developing country), though certain complicated parts were built in China (a transitional country), while the research and development were done in the United States (as you probably know, a developed country). All this is possible due to globalization.
Travel, communication, and trade between countries are becoming easy and create the development of closer economic, cultural, and political relations among all the countries of the world. Globalization impacts countries differently depending on the stage where their economies are. In this lesson, we will explore the impact of globalization on developing, transitional, and developed countries.