English, asked by parneet10, 1 year ago

Globalisation essay 120 words


Socrates1: Globalization in short means connecting one country's economy to the world economy

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Answered by safaque786
5
Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the world possess assets that exceed the Gross National Product of all of the least developed countries and their 600 million citizens combined (Shawki and D’Amato 2000). Although globalization can provide positive results to some, it can also be a high price to pay for others. Furthermore, for all of those who profit or advance from the actions related to globalization, there are countless others who endure severe adverse effects.

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Answered by kritika39
1
Globalisation is a process of integration and exchange of economic,social
and cultural aspects of people beyond national boundaries.
What causes globalisation:-
- improved transport system.
- Increased clarity over international laws.
- telecommunication infrastructureand internet.
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