How do we feel the impact of globalisation in our daily life explain with examples.
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globalisation is the process of connecting national economy with the Global economic where buy free flow of a good service technology and the labour takes place across the world.
the following reforms have been undertaken to facilitate globalisation-
•restriction of the import and the export have been removed and promoted international trade
•restriction on the transfer of the capital from one country to another have been removed
•restriction on the transfer of the technology from one country to another have been removed free movement of the river across the Global have been provided to give the direction to the Future economic development it is been decided to implement globalisation policy
India has secured by the globalisation there is considerable increase in the foreign direct investment the quality of the goods from the developed country has been available in India capability has been built up with stand International competition
there is increase in the poverty and unemployment due to globalisation the developing countries like India could not availof proper share of a benefit and as these were conquered by the developed country it has adverse effect on the small scale cottage industry because they cannot connect through the world
the following reforms have been undertaken to facilitate globalisation-
•restriction of the import and the export have been removed and promoted international trade
•restriction on the transfer of the capital from one country to another have been removed
•restriction on the transfer of the technology from one country to another have been removed free movement of the river across the Global have been provided to give the direction to the Future economic development it is been decided to implement globalisation policy
India has secured by the globalisation there is considerable increase in the foreign direct investment the quality of the goods from the developed country has been available in India capability has been built up with stand International competition
there is increase in the poverty and unemployment due to globalisation the developing countries like India could not availof proper share of a benefit and as these were conquered by the developed country it has adverse effect on the small scale cottage industry because they cannot connect through the world
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The impacts of globalisation can be experienced in our daily life in the following ways:-
1. Today we are able to get the high quality goods at the cheaper rates.
2. Globalization has helped in raising our standard of living.
3. We can also find a colossal variety of goods in the local markets only because of globalization.
4. We have access to the latest technology as soon as it is launched in any part of the world.
For example we find large variety of new design automobiles mobile phones.
5. Apart from our own experiences there are various other advantages of globalisation that can be seen in the way many of our local produces and top companies have benefited from globalization.
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