speech on global news now a day in English.
Answers
Explanation:
Globalization is a global phenomenon and now a global issue to be debated. This is not be a new event or process but, people of the world had neither heard nor used it. It is from the eighties of the preceding century that this concept came into currency and attracted the attention of the world community.
Broadly speaking, globalization refers to the free flow of capital, labour, technology, commodity and knowledge across national boundaries. It is a process of interaction and integration among individuals and nations of the world for the purpose of economic growth.
The process of globalization has been facilitated by the modern high-efficiency communication technology like telephony, computer and internet. This process in a way is an international relationship without too much cross-border formalities and objections.
Globalization may be a novel concept but the relationship of international trade existed particularly among Asian and European countries. China was one of the leading international traders. However, the magnitude of this cross-border business was small and selective. The present international trade relations have gained new impetus under the new policy and technological development.