What are the challenges of handicraft sector in Kashmir in the current technology era
Answers
Globalization refers to the growing integration of economies, culture and societies around the world; has become one of the important topic among the statesmen, corporate, academia etc. over the past decade. Globalization generally means the process of transformation of local phenomenon into global ones. Globalization is one of the most important phenomenons in an economy, in which the various products of a small scale industry as well as firms compete/challenges with international product under a roof of global economy. India's rapid economic growth and other developing countries over the past few years has witnessed for globalization. But at the same time, increased inequality, exploitation and environmental degradation, global warming, climate change, etc. is the result due to the process of globalization. The tendencies of funds are invested and move the business towards domestic and national markets around the globe, thereby increasing the interconnectedness of different markets. Globalization has had the effect of markedly increasing not only the international trade but it also increasing cultural exchange.