Question

what is Goblisation????????

Answer 1

Explanation:

globalisation is the process of interaction and integration among the people and companies excetra

Answer 2

G L O B A L I Z A T I O N:

Globalization is the process of rapid integration or interconnection between countries.

It can be done through movement of goods, services, or even people between countries.

I M P A C T S  O F  G L O B A L I Z A T I O N:

Positive:

• Greater choice of goods before consumers.
• High quality goods at lower prices.
• Higher standards of living.
• Generation of employment.
• Foreign investment has increased, enabling local companies supplying raw materials to expand.
• Many companies have gained from successful collaborations with foreign companies.
• Has enabled many companies to emerge as Multi - National Corporations.

Negative:

• Large numbers of weak producers and workers have been hit with major challenges.
• Small companies have been challenged due to stiff competition in the market.
• Several units have shut down, rendering many workers jobless.
• No job security.
• Foreign investment is now focussed only on some areas.
• Pollution and exploitation of resources.