Question

Meaning and pattern of globalisation

Answer 1

Meaning of globalization-
Globalization is the process of international integration arising from the interchange of world news, products, ideas and other aspects of culture. advances in transportation, in telecommunication infrastructure, including the rise of telegraph, and its modern offspring, the internet and mobile phones, have been major factors in globalization, generating further interdependence of economic and cultural activities. In simple words, globalization is the process of businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnection of the world.
pattern of globalization-
Most people would agree that globalization brings opportunities and benefits. But few would agree that opportunities and benefits are fairly distributed. The pattern of globalization is widely seen as unbalanced and unequal, a process that benefits only a minority of people and of countries, leaves many excluded and brings real disadvantage to some. It is true that some countries have succeeded in traversing to a greater or lesser degree, the gap between developing and developed. Higher rates of economic growth and poverty reduction in East Asia, notably in China and to a lesser extent in India and few countries in other parts of the world, cannot be attributed to globalization. But growth has been very low and poverty is increasing in most of the countries in Africa.
So not many countries have benefited from globalization.