Question

what is define globalization advantege​

Answer 1

Globalization is a whole integrated process that not only includes persons or a company but mainly focuses on governments and the agencies between the countries. Globalization was coined in the 18th century but the practice has been used since ancient times. The geographical area is rigid in nature due to which the process of globalization industry increasing rapidly.

In the  21st century, Globalization plays a huge role in various business and world trade performances. Many big companies, through globalization, increase their brand image.

Globalization also focuses on value, ethics, and morale. There are concepts of communication, information access, and technology development to consider when looking at this subject matter too.

The advantages of globalization are:

• Globalization improves communication across the globe: It helps in effective communication between the countries. For example, the Evergrande crisis in China created a huge impact on real estate.

• Globalization helps in free trade: It helps in the reduction of the free flow of goods and trade. There are currently 1200 restrictions on the free flow of goods and services in the world.
• Globalization creates employment opportunities: Due to the reduction of goods and services the opportunities of working in different country increases. For example, many people from India go to developed countries( Dubai, Germany , and many more) as there are more opportunities.
• Globalization helps in structuring a developing nation: More than 140 countries are not developed due to which the smoothing functioning of trade does not take place,  globalization helps in restructuring trade and providing aid to these nations. For example, India has provided $650–750 million in humanitarian and economic aid to Afghanistan.
• Globalization helps in the reduction of labor exploitations: People would work, live and chase their dreams with the help of globalization. It would help in the reduction of human trafficking, child labor, and so on.

Answer 2

Globalization represents an meaningful interaction between individuals, leading organizations and local governments around the world.

• The advantages of globalization are -

1. Individuals and leading companies all over the world can easily exchange valuable information thanks to increased communication flow due to globalization.
2. Environmental security is also improving in the states. It is typically characterized by an increase in cross-border interactions and economic interdependence among countries.
3. Democratic ideas spreadto developng states and the global village impact grows as cultural barriers are broken down.
4. It aids to expand economic development and alleviate poverty. The industrialized countries further invest in developing countries, resulting in the creation of outstanding jobs for the poor.