Question

What is globalization? discuss the effects of globalization?

Answer 1

The process by which two or more countries came together to share its products to the other by the help of Mnc is called globalisation.

Answer 2

Answer:

Globalization, generally speaking, is "Free foreign trade & investment with certain agreed norms"

It is a process of international as well as regional integrity by interchange of views ,idea,goods and many cultural aspect. It's main objective is to make world more prosperous and stable in all dimensions.

Globalization has both positive as well as negative effects. The main effects are:

(1) On an individual level, globalization affects both the standard of living and the quality of life.

(2) On a business level, globalization affects an organization's product life cycle and an organization's balance sheet.

(3) Globalization also affects how governments throughout the world create policies affecting areas such as monetary regulation and trade.