Question

what is globalization and what is the importance of globalisation?​

Answer 1

Answer:

Here's your answer

Explanation:

Globalization is about the interconnectedness of people and businesses across the world that eventually leads to global cultural, political and economic integration. It is the ability to move and communicate easily with others all over the world in order to conduct business internationally.

Answer 2

Positive effects of Globalisation :

Globalisation has brought greater competition among producers – both local and foreign producers has been of advantage to consumers particularly the well-off sections in the urban areas.
There is greater choice before consumers. They enjoy improve quality at lower prices.
People today, enjoy much higher standards of living.
Local companies supplying raw material have prospered.
The top Indian companies have been able to benefit from increased competition.
Some Indian companies have gained from successful collaboration with foreign companies.
MNCs have increased their investments in India over the past 20 years, especially in cell phones, automobiles, electronics, soft drinks etc.
Many Indian companies have emerged as Multi Nationals themselves. Example- Tata Motors, Infosys, Ranbaxy, Asian Paints etc.
Globalisation has created opportunities for new jobs.