Prepare a report on globalisation. ( Limits 150 to 200 words )
Class - 10th
Chapter - Globalisation and the Indian economy .
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Answer:
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. Globalization has accelerated since the 18th century due to advances in transportation and communication technology. This increase in global interactions has caused a growth in international trade and the exchange of ideas and culture. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and diplomacy are also large parts of the history of globalization, and of modern globalization.
Economically, globalization involves goods, services, data, technology, and the economic resources of capital.[1] The expansion of global markets liberalizes the economic activities of the exchange of goods and funds. Removal of cross-border trade barriers has made the formation of global markets more feasible.[2] Advances in transportation, like the steam locomotive, steamship, jet engine, and container ships, and developments in telecommunication infrastructure, like the telegraph, Internet, and mobile phones, have been major factors in globalization and have generated further interdependence of economic and cultural activities around the globe.[3][4][5]
Though many scholars place the origins of globalization in modern times, others trace its history to long before the European Age of Discovery and voyages to the New World, and some even to the third millennium BC.[6] The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialization), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s.[7] Large-scale globalization began in the 1820s, and in the late 19th century and early 20th century drove a rapid expansion in the connectivity of the world's economies and cultures.[8]
In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge.[9] Environmental challenges such as global warming, cross-boundary water and air pollution, and over-fishing have been linked to globalization.[10] Globalizing processes affect and are affected by business and work organization, economics, sociocultural resources, and the natural environment. Academic literature commonly divides globalization into three major areas: economic globalization, cultural globalization, and political globalization
Explanation:
Pls MARK AS BRAINLIEST
♕︎ǫᴜᴇsᴛɪᴏɴ♕︎
ᴘʀᴇᴘᴀʀᴇ ᴀ ʀᴇᴘᴏʀᴛ ᴏɴ ɢʟᴏʙᴀʟɪsᴀᴛɪᴏɴ. ( ʟɪᴍɪᴛs 150 ᴛᴏ 200 ᴡᴏʀᴅs).
♕︎ᴀɴsᴡᴇʀ♕︎
ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ, ᴏʀ ɢʟᴏʙᴀʟɪsᴀᴛɪᴏɴ (ᴄᴏᴍᴍᴏɴᴡᴇᴀʟᴛʜ ᴇɴɢʟɪsʜ; sᴇᴇ sᴘᴇʟʟɪɴɢ ᴅɪғғᴇʀᴇɴᴄᴇs), ɪs ᴛʜᴇ ᴘʀᴏᴄᴇss ᴏғ ɪɴᴛᴇʀᴀᴄᴛɪᴏɴ ᴀɴᴅ ɪɴᴛᴇɢʀᴀᴛɪᴏɴ ᴀᴍᴏɴɢ ᴘᴇᴏᴘʟᴇ, ᴄᴏᴍᴘᴀɴɪᴇs, ᴀɴᴅ ɢᴏᴠᴇʀɴᴍᴇɴᴛs ᴡᴏʀʟᴅᴡɪᴅᴇ. ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ ʜᴀs ᴀᴄᴄᴇʟᴇʀᴀᴛᴇᴅ sɪɴᴄᴇ ᴛʜᴇ ᴛʜ ᴄᴇɴᴛᴜʀʏ ᴅᴜᴇ ᴛᴏ ᴀᴅᴠᴀɴᴄᴇs ɪɴ ᴛʀᴀɴsᴘᴏʀᴛᴀᴛɪᴏɴ ᴀɴᴅ ᴄᴏᴍᴍᴜɴɪᴄᴀᴛɪᴏɴ ᴛᴇᴄʜɴᴏʟᴏɢʏ. ᴛʜɪs ɪɴᴄʀᴇᴀsᴇ ɪɴ ɢʟᴏʙᴀʟ ɪɴᴛᴇʀᴀᴄᴛɪᴏɴs ʜᴀs ᴄᴀᴜsᴇᴅ ᴀ ɢʀᴏᴡᴛʜ ɪɴ ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴛʀᴀᴅᴇ ᴀɴᴅ ᴛʜᴇ ᴇxᴄʜᴀɴɢᴇ ᴏғ ɪᴅᴇᴀs ᴀɴᴅ ᴄᴜʟᴛᴜʀᴇ. ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ ɪs ᴘʀɪᴍᴀʀɪʟʏ ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴘʀᴏᴄᴇss ᴏғ ɪɴᴛᴇʀᴀᴄᴛɪᴏɴ ᴀɴᴅ ɪɴᴛᴇɢʀᴀᴛɪᴏɴ ᴛʜᴀᴛ ɪs ᴀssᴏᴄɪᴀᴛᴇᴅ ᴡɪᴛʜ sᴏᴄɪᴀʟ ᴀɴᴅ ᴄᴜʟᴛᴜʀᴀʟ ᴀsᴘᴇᴄᴛs. ʜᴏᴡᴇᴠᴇʀ, ᴅɪsᴘᴜᴛᴇs ᴀɴᴅ ᴅɪᴘʟᴏᴍᴀᴄʏ ᴀʀᴇ ᴀʟsᴏ ʟᴀʀɢᴇ ᴘᴀʀᴛs ᴏғ ᴛʜᴇ ʜɪsᴛᴏʀʏ ᴏғ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ, ᴀɴᴅ ᴏғ ᴍᴏᴅᴇʀɴ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ. ᴇᴄᴏɴᴏᴍɪᴄᴀʟʟʏ, ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ ɪɴᴠᴏʟᴠᴇs ɢᴏᴏᴅs, sᴇʀᴠɪᴄᴇs, ᴅᴀᴛᴀ, ᴛᴇᴄʜɴᴏʟᴏɢʏ, ᴀɴᴅ ᴛʜᴇ ᴇᴄᴏɴᴏᴍɪᴄ ʀᴇsᴏᴜʀᴄᴇs ᴏғ ᴄᴀᴘɪᴛᴀʟ.ᴛʜᴇ ᴇxᴘᴀɴsɪᴏɴ ᴏғ ɢʟᴏʙᴀʟ ᴍᴀʀᴋᴇᴛs ʟɪʙᴇʀᴀʟɪᴢᴇs ᴛʜᴇ ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴏғ ᴛʜᴇ ᴇxᴄʜᴀɴɢᴇ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ ғᴜɴᴅs. ʀᴇᴍᴏᴠᴀʟ ᴏғ ᴄʀᴏss-ʙᴏʀᴅᴇʀ ᴛʀᴀᴅᴇ ʙᴀʀʀɪᴇʀs ʜᴀs ᴍᴀᴅᴇ ᴛʜᴇ ғᴏʀᴍᴀᴛɪᴏɴ ᴏғ ɢʟᴏʙᴀʟ ᴍᴀʀᴋᴇᴛs ᴍᴏʀᴇ ғᴇᴀsɪʙʟᴇ. ᴀᴅᴠᴀɴᴄᴇs ɪɴ ᴛʀᴀɴsᴘᴏʀᴛᴀᴛɪᴏɴ, ʟɪᴋᴇ ᴛʜᴇ sᴛᴇᴀᴍ ʟᴏᴄᴏᴍᴏᴛɪᴠᴇ, sᴛᴇᴀᴍsʜɪᴘ, ᴊᴇᴛ ᴇɴɢɪɴᴇ, ᴀɴᴅ ᴄᴏɴᴛᴀɪɴᴇʀ sʜɪᴘs, ᴀɴᴅ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛs ɪɴ ᴛᴇʟᴇᴄᴏᴍᴍᴜɴɪᴄᴀᴛɪᴏɴ ɪɴғʀᴀsᴛʀᴜᴄᴛᴜʀᴇ, ʟɪᴋᴇ ᴛʜᴇ ᴛᴇʟᴇɢʀᴀᴘʜ, ɪɴᴛᴇʀɴᴇᴛ, ᴀɴᴅ ᴍᴏʙɪʟᴇ ᴘʜᴏɴᴇs, ʜᴀᴠᴇ ʙᴇᴇɴ ᴍᴀᴊᴏʀ ғᴀᴄᴛᴏʀs ɪɴ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ ᴀɴᴅ ʜᴀᴠᴇ ɢᴇɴᴇʀᴀᴛᴇᴅ ғᴜʀᴛʜᴇʀ ɪɴᴛᴇʀᴅᴇᴘᴇɴᴅᴇɴᴄᴇ ᴏғ ᴇᴄᴏɴᴏᴍɪᴄ ᴀɴᴅ ᴄᴜʟᴛᴜʀᴀʟ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴀʀᴏᴜɴᴅ ᴛʜᴇ ɢʟᴏʙᴇ. ᴛʜᴏᴜɢʜ ᴍᴀɴʏ sᴄʜᴏʟᴀʀs ᴘʟᴀᴄᴇ ᴛʜᴇ ᴏʀɪɢɪɴs ᴏғ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ ɪɴ ᴍᴏᴅᴇʀɴ ᴛɪᴍᴇs, ᴏᴛʜᴇʀs ᴛʀᴀᴄᴇ ɪᴛs ʜɪsᴛᴏʀʏ ᴛᴏ ʟᴏɴɢ ʙᴇғᴏʀᴇ ᴛʜᴇ ᴇᴜʀᴏᴘᴇᴀɴ ᴀɢᴇ ᴏғ ᴅɪsᴄᴏᴠᴇʀʏ ᴀɴᴅ ᴠᴏʏᴀɢᴇs ᴛᴏ ᴛʜᴇ ɴᴇᴡ ᴡᴏʀʟᴅ, ᴀɴᴅ sᴏᴍᴇ ᴇᴠᴇɴ ᴛᴏ ᴛʜᴇ ᴛʜɪʀᴅ ᴍɪʟʟᴇɴɴɪᴜᴍ ʙᴄ. ᴛʜᴇ ᴛᴇʀᴍ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ ғɪʀsᴛ ᴀᴘᴘᴇᴀʀᴇᴅ ɪɴ ᴛʜᴇ ᴇᴀʀʟʏ ᴛʜ ᴄᴇɴᴛᴜʀʏ (sᴜᴘᴘʟᴀɴᴛɪɴɢ ᴀɴ ᴇᴀʀʟɪᴇʀ ғʀᴇɴᴄʜ ᴛᴇʀᴍ ᴍᴏɴᴅɪᴀʟɪᴢᴀᴛɪᴏɴ), ᴅᴇᴠᴇʟᴏᴘᴇᴅ ɪᴛs ᴄᴜʀʀᴇɴᴛ ᴍᴇᴀɴɪɴɢ sᴏᴍᴇ ᴛɪᴍᴇ ɪɴ ᴛʜᴇ sᴇᴄᴏɴᴅ ʜᴀʟғ ᴏғ ᴛʜᴇ ᴛʜ ᴄᴇɴᴛᴜʀʏ, ᴀɴᴅ ᴄᴀᴍᴇ ɪɴᴛᴏ ᴘᴏᴘᴜʟᴀʀ ᴜsᴇ ɪɴ ᴛʜᴇ s. ʟᴀʀɢᴇ-sᴄᴀʟᴇ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ ʙᴇɢᴀɴ ɪɴ ᴛʜᴇ s, ᴀɴᴅ ɪɴ ᴛʜᴇ ʟᴀᴛᴇ ᴛʜ ᴄᴇɴᴛᴜʀʏ ᴀɴᴅ ᴇᴀʀʟʏ ᴛʜ ᴄᴇɴᴛᴜʀʏ ᴅʀᴏᴠᴇ ᴀ ʀᴀᴘɪᴅ ᴇxᴘᴀɴsɪᴏɴ ɪɴ ᴛʜᴇ ᴄᴏɴɴᴇᴄᴛɪᴠɪᴛʏ ᴏғ ᴛʜᴇ ᴡᴏʀʟᴅ's ᴇᴄᴏɴᴏᴍɪᴇs ᴀɴᴅ ᴄᴜʟᴛᴜʀᴇs. ɪɴ , ᴛʜᴇ ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴍᴏɴᴇᴛᴀʀʏ ғᴜɴᴅ (ɪᴍғ) ɪᴅᴇɴᴛɪғɪᴇᴅ ғᴏᴜʀ ʙᴀsɪᴄ ᴀsᴘᴇᴄᴛs ᴏғ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ: ᴛʀᴀᴅᴇ ᴀɴᴅ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs, ᴄᴀᴘɪᴛᴀʟ ᴀɴᴅ ɪɴᴠᴇsᴛᴍᴇɴᴛ ᴍᴏᴠᴇᴍᴇɴᴛs, ᴍɪɢʀᴀᴛɪᴏɴ ᴀɴᴅ ᴍᴏᴠᴇᴍᴇɴᴛ ᴏғ ᴘᴇᴏᴘʟᴇ, ᴀɴᴅ ᴛʜᴇ ᴅɪssᴇᴍɪɴᴀᴛɪᴏɴ ᴏғ ᴋɴᴏᴡʟᴇᴅɢᴇ. ᴇɴᴠɪʀᴏɴᴍᴇɴᴛᴀʟ ᴄʜᴀʟʟᴇɴɢᴇs sᴜᴄʜ ᴀs ɢʟᴏʙᴀʟ ᴡᴀʀᴍɪɴɢ, ᴄʀᴏss-ʙᴏᴜɴᴅᴀʀʏ ᴡᴀᴛᴇʀ ᴀɴᴅ ᴀɪʀ ᴘᴏʟʟᴜᴛɪᴏɴ, ᴀɴᴅ ᴏᴠᴇʀ-ғɪsʜɪɴɢ ʜᴀᴠᴇ ʙᴇᴇɴ ʟɪɴᴋᴇᴅ ᴛᴏ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ. ɢʟᴏʙᴀʟɪᴢɪɴɢ ᴘʀᴏᴄᴇssᴇs ᴀғғᴇᴄᴛ ᴀɴᴅ ᴀʀᴇ ᴀғғᴇᴄᴛᴇᴅ ʙʏ ʙᴜsɪɴᴇss ᴀɴᴅ ᴡᴏʀᴋ ᴏʀɢᴀɴɪᴢᴀᴛɪᴏɴ, ᴇᴄᴏɴᴏᴍɪᴄs, sᴏᴄɪᴏᴄᴜʟᴛᴜʀᴀʟ ʀᴇsᴏᴜʀᴄᴇs, ᴀɴᴅ ᴛʜᴇ ɴᴀᴛᴜʀᴀʟ ᴇɴᴠɪʀᴏɴᴍᴇɴᴛ. ᴀᴄᴀᴅᴇᴍɪᴄ ʟɪᴛᴇʀᴀᴛᴜʀᴇ ᴄᴏᴍᴍᴏɴʟʏ ᴅɪᴠɪᴅᴇs ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ ɪɴᴛᴏ ᴛʜʀᴇᴇ ᴍᴀᴊᴏʀ ᴀʀᴇᴀs: ᴇᴄᴏɴᴏᴍɪᴄ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ, ᴄᴜʟᴛᴜʀᴀʟ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ, ᴀɴᴅ ᴘᴏʟɪᴛɪᴄᴀʟ ɢʟᴏʙᴀʟɪᴢᴀᴛɪᴏɴ.