what are the disadvantages of globalisation in india?
Answers
Answered by
3
Introduction: The world has getting smaller every moment. Due to Globalization, it looks as if the entire world has grown up as one nation and every person on earth has become a global citizen.
What is the meaning of Globalization?
Globalization is the process of worldwide integration of economic, financial, cultural, environmental, and communication system.
Globalization refers to a scenario where countries and nations around the world becomes inter-connected and interdependent for meeting their needs, both internal and external, characterized by:
advanced transportation system (road, sea, and air) between countries,
movement of capital between countries in the form of investments,
cross-border transaction of goods and services,
wide scale financial transactions between nations,
easy migration, movement and settling up of people in foreign countries,
inter-exchange of labor between countries, both skilled and unskilled,
flow of raw-materials, semi-finished goods, finished goods, and services to foreign countries,
flow of resources from one country to another, both material and human resources,
massive use of technology including internet technologies,
transfer of technology and including defense technologies,
international treaties for defense and security tie-ups,
international dimension of large business enterprises,
communication across the globe, and
massive sharing and exchange of knowledge between countries.
What is the meaning of Globalization?
Globalization is the process of worldwide integration of economic, financial, cultural, environmental, and communication system.
Globalization refers to a scenario where countries and nations around the world becomes inter-connected and interdependent for meeting their needs, both internal and external, characterized by:
advanced transportation system (road, sea, and air) between countries,
movement of capital between countries in the form of investments,
cross-border transaction of goods and services,
wide scale financial transactions between nations,
easy migration, movement and settling up of people in foreign countries,
inter-exchange of labor between countries, both skilled and unskilled,
flow of raw-materials, semi-finished goods, finished goods, and services to foreign countries,
flow of resources from one country to another, both material and human resources,
massive use of technology including internet technologies,
transfer of technology and including defense technologies,
international treaties for defense and security tie-ups,
international dimension of large business enterprises,
communication across the globe, and
massive sharing and exchange of knowledge between countries.
Similar questions