Globalization enhance social and political harmony among the country justify the statement
Answers
Globalization has become a particularly fashionable way to analyse changes in the international economy and in world politics. Globalisation means the interconnections in economic activities, trade and business that have led to the integration of manufacturing processes and markets around the different economies of the world. It is a process that is an offshoot of the liberalisation of previously closed national economies and opening them up to international manufacturers.
Domestic companies are very often pitted against multi national corporations as a result of this. Reduction of trade barriers like tariffs, import duties and licensing quotas have hastened this process by fuelling capital and investment movements. It has led to demand for skilled labour. It has manifested itself culturally as well through the circulation of ideas. Dissemination of knowledge and technology is another important aspect of globalisation.
*Globalization brings new potentials for development and wealth creation. But there are divergent views and perceptions among people as concerns its economic and social impact, and indeed widely varying impacts on the interests and opportunities of different sectors and economic and social actors.
*Political globalization refers to the accumulation of power in a single international government. Just as families once combined into tribes and tribes into nations, so nations are combining into regional power blocs, and thence perhaps to a single world political community
Answer:
The process by which people across the world interact and come together is known as globalisation.
Explanation:
Globalisation helps in bringing different ideas and cultures businesses together due to which the social and political harmony among the countries is enhanced. Forms and business houses exchange goods and services due to which expansion of the market place takes place which further leads to the expansion of social and political ideas. Transportation, communication, Commerce are some important factors which effect globalisation