Make a list of the characteristics of Globalization.
Answers
Globalization Demands and Respects Excellence:
With global level opportunities available to all the countries, the field is wide open for the excellent companies, products and people from any remote part of the world to showcase their excellence and win over markets and contracts. There is pressure on everyone to continuously improve to meet the raised bar of expectations.
Globalization means Raised Standards of Living:
With consumers having more choice to pick quality items at right price, and with no boundary restrictions on flow of goods & services, the markets have turned from ‘Sellers Market’ to ‘Buyers Market’. This has helped in raising the standard of living for vast populations across the world. It has also raised aspirations among billions of people to upgrade their lifestyles.
Globalization has Linked Politics with Economics:
Earlier, political ideologies and relations between nations have determined the fate of people over centuries; with economics being subservient to politics. However, in the new era, it is the economics, employment generation and public welfare that determine the need & strength of relations between nations.
In simple words...
globalization means the inter link of a country with all the other countries throughout the world for official purposes.....
it contributes a lot for the development of a Nation....
hope it helps you ✴️✴️✌️