Question

How do we feel the impact of globalization on our daily life? Explain with examples.​

Answer 1

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$\mathcal\red{\underline{\underline{GLOBALISATION}}}$

$<b>What is globalisation?$

☆☞ $<b><u>The process of integration of countries, companies,people on a single platform at an international level is termed as Globalisation.$

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Impact of globalisation in our daily lives:-

✔♣Culture: Globalization means a decrease in the cultural diversity that used to exist in the world earlier. You can find people in several countries dressing up like Westerners.

✔♣Food is another good example. Young people especially are eating more of American or Chinese foods then their own cultural dishes.

✔♣Legislation: There has been an increase in the establishment of International courts of justice where someone accused could be dealt with in any part of the world.

✔♣Information: With the wide use of Internet and other kinds of information technology, it has become much easier and faster to share information worldwide. Live TV channels are another good example of quick information sharing.

✔♣Industry: The world has become a huge market where you can buy and sell things produced in any part of the world. There are a lot of international brands operating worldwide. These include McDonald’s, Nestle, Gillette, Toyota and Next.

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Answer 2

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Answer;

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Impact of Globalization:

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✒Globalization and greater competition among producers has been of advantage to consumers.

✒Greater choice before consumers.

✒Availability of standard quality products at lower price.

✒Improvement in living standard.

✒Foreign investments have increased in many areas like cell phones, auto mobiles, electronics, soft drinks, etc.

✒New job have been created.

✒Several of the units have shut down rendering many workers jobless.

✒Globalization has also created insecurity of job

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