Globalisation has changed the way of living of people since independence. With the help of internet, trace the changes that occurred in: Transportation, communication, technology, tourism .health and education.
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Globalisation has changed the way of living of people since independence
Explanation:
Transportation
- Globalization ensures that market and cultural interaction interconnect the globe. Larger container ships mean that shipping costs have decreased between countries. Scales reductions mean that the costs per component can be minimised in large-scale activities. Improvements in transport often encourage goods and individuals to travel quicker.
- Strong investment in transportation reduces the expense of transporting goods and people. This increases economic growth, which can be determined approximately by the per dollar of private and public spending in the manufacture of goods and services. And increased productivity leads to increased living standards
Communication
- Global connectivity is specifically influenced by the globalisation process , which leads to growing economic opportunities, eliminating cultural hurdles by creating a global community. The environmental, political, economic, & cultural forces of the world have changed, because of globalisation and international connectivity.
- When technology evolves, the world is growing bigger. Today, we can connect by pressing a button with people around the world. Although globalisation or communication among nations outside its borders is an old term, the onset of new technology globalization affects the ways we fascinatingly interact and learn. In particular, the increase in the usage of the internet has been enormously significant in changing the way we communicate with each other
Technology
- Globalization encourages the advancement of technologies. The the intensity of global awareness suggests essential advantages of globalisation. Firstly, globalisation allows "spread of technology" across borders and easier for nations to reach. Secondly, foreign competitiveness – with the growth of developing market businesses – is intensified and therefore businesses are forced to "innovate & adopt" external technologies.
- The positive influence was particularly significant for emerging economies, which increasingly used their potential for innovation and labour productivity development leveraging the available international expertise and technology. The increasing engagement in global supply chains of multinational corporations is a significant force behind building innovation capability in developing market economies, although not all firms have gained, since multinationals are moving some creativity into other areas of a global value chain.
Tourism
- Globalization and tourism are strongly and mutually related. Today, people around the world can conveniently share ideas and beliefs, whether political, environmental, technical, cultural or economic, thanks to globalisation.
- This exchange has also allowed significant awareness to spread among the world's people. People today better understand each other irrespective of ethnicity , religion or cultural distinctions, and this has tremendously improved tourism.
Health
- Health care is being rapidly globalised. The sick and weak have been on pilgrimages throughout history to pursue treatments. In the past, proximity to services or innovations that were inaccessible at home was largely important.
- Medical service tourism has now grown tremendously and several travels from developed nations to medium- or small-income countries to avoid high costs or long delays. "Health tourism" and "cross-border health services" are part of travel to another country for medical attention
Education
- In every respect globalisation has changed the world dramatically. But in particular, this changed the highly intertwined and interdependent global economy. But it also made the global economy more competitive and better based on knowledge, especially in the developing nations
- Global education integrates teaching approaches with international frameworks that facilitate the growth of international environmental sustainability and lead to the strengthening of global industries. This education initiatives prioritise entry from grade school to college level globally, generating learning opportunities that train students for global leadership positions.
- Globalization increases the ability of students to gain and use information, think differently to assess correctly and communicate with others, in order to understand different circumstances. Globalization creates a growing number of individuals educated scientifically and technically. It promotes team work for students.
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describe the impact of globalisation on indian economy with example
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