Question

globalisation paragraph ​

Answer 1

Answer:

The word ‘globalisation’ is being used to mean that the world has become a smaller place where distances between people and countries are being overcome through technology. Thus a smaller globalised world is being created.The process of all the nations of the world with interconnected and interdependent economies coming together and accepting national problems as world problems is called globalisation. It is also a term associated with economic relations and cultural ties between different countries. Globalisation involves the breaking down of tariff barriers and allowing the free flow of raw materials and goods between different countries.

Trade and investments between countries have not only brought them together but have also increased their interdependence at a very fast pace. For instance, if petrol prices go up in oil-producing countries, it will result in a rise of petrol prices all over the world.

All the nations of the world have to share responsibility in dealing with problems affecting the world community. The problems of hunger, disease, poverty, unemployment, illiteracy, racism or communalism are no longer problems of any single country.

These problems, if not solved collectively, will ultimately ruin the whole world. Now we live in a “one world” co­existence or total destruction. That is why the United Nations, through its various agencies like the World Health Organization, the Food and Agricultural Organization, the International Labour Organization and the United Nations Educational, Scientific and Cultural Organization, etc. is trying to look after the problems of health, food, labour, illiteracy, etc.

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