| Author: Dont read 24 Jan 2012 Member Level: Silver Points : 2 (Rs 1) Voting Score: 0 |
Globalisation can be defined as "integration of a country's economy with world economy, where goods and services as well as capital move across the border, where a country's financial markets are affected by fluctuations in the global market."
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| Author: Md. Akhter Hossain 27 Jan 2012 Member Level: Silver Points : 2 Voting Score: 0 |
Globalization can be defined as a standered system which is applicable all over the GLOBE i.e. world.
Few systems and things are only applicable in our country but sum special systems are applicable in the whole world.
To make something globalizd means the thing should be applicable in the whole world.
Engineering work such as infrastructure developement, industrial developement ets. are under globalization but our daily running market complex are not globalized.
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| Author: Nupur Khalkho 27 Jan 2012 Member Level: Diamond Points : 1 (Rs 1) Voting Score: 0 |
Globilization is the spreading of the business or integration of the culture all over the world for economic growth and betterment of mankind.
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| Author: Ashok kumar Bag 28 Jan 2012 Member Level: Silver Points : 1 (Rs 1) Voting Score: 0 |
The term globalization can be defined as the opening one's economy toward the world economy. It means to integrate the domestic economy with world economy. The govt of India under the prime ministership of P. V Narashimha introduced liberalisation , privatisation and globalisation during 1991 .Due to globalisation the multinational corporations have been very popular . These corporations transact their business activities more than one countries . The features of globalisation are given below .
1. Foreign direct investment upto 51% of foreign equity is allowed .
2. In respect of foreign technology aggrement , automatic permission is provided to high priority industries upto 1 crore .
3. Free flow of goods and services in any country .
4. Free flow of capital and technology .
5. Rupee has been made fully convertible .
6. Tax and tariff duty modified .
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| Author: Ankit Kumar 28 Jan 2012 Member Level: Gold Points : 1 Voting Score: 0 |
Globalization s an attempt to abolish barriers, especially in trade.It refers to the increasingly global relationships of culture, people and economic activity between the countries
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| Author: Hakimuddin 30 Jan 2012 Member Level: Gold Points : 4 (Rs 2) Voting Score: 0 |
Hi,
When all the countries of the world adopt policy of liberalization and as a result of which all the markets of the world are unified then it is known as globalization.In India globalization started after 1991.
You can make a nice project on this topic. The simplest definition have been provided by me to understand it. Now I am giving some points to make you a project:-
Factors inspiring globalization
1. Expansion of technical knowledge.
2. Process of liberalization
3. Expansion of competition and market
4. Expansion of multinational companies
5. Expansion of Foreign Trade
Problems created by globalization
1. Impact on small producers
2. Uncertainty of employment
3. Benefit not to all
4. Influence of developed countries
5. Regional disparities
So by considering above points you can help to make a good project for your sister.
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| Author: Hakimuddin 10 Feb 2012 Member Level: Gold Points : 1 Voting Score: 0 |
Hi,
I have already posted my views in this thread but I want to tell that I have also posted a resource on this topic. So for more detail please visit Globalization and its effects in India
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| Author: nimmymathew 15 Feb 2012 Member Level: Bronze Points : 1 Voting Score: 0 |
Globalization can be related with a country's economy. It can be defined as spreading the business relationship of a country with other countries.This can be mainly observed in the sectors of trade, bussiness, tourism, other technological commitments etc.
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| Author: Rachna singh 19 Feb 2012 Member Level: Silver Points : 3 (Rs 2) Voting Score: 0 |
Globalisation is meant by the working of whole world together with co-operation and co- ordination inthe form of a amrket . Under the process of globalisation the restrictions on the inflow and outflow of goods and services from one country to another are withdrawn .Thereby the markets prices starts working freely in the whole world . As the result the prices in all the countries becomes near about equal . In this way as a result of globalisation all the markets of the world are unified .
OR
In simple words Globalisation can be defined as "When all the countries of the world adopt policy of liberalisation and as a result of which all the markets of the world are unified/"
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| Author: Pravin Kumar 11 Mar 2012 Member Level: Silver Points : 5 (Rs 3) Voting Score: 0 |
Globalization means to open up the market for every one. it is related mainly with the business and economy. Globalization has converted the entire world into a global village. Investors are free to enter the market of any country without having any bondage. Globalization has many advantages along with its disadvantages.
Major advantages of globalization are:-
1. It makes the technological changes, as foreign machinery is used.
2. It increases the GDP of any country.
3. It has made possible for the foreign goods available to our country.
4. It promotes the investors.
5. It creates employment opportunities.
Major disadvantages of globalization are:-
1. It suppresses the local investors.
2. It mainly helps the developed nations, while developing and underdeveloped nations could not gain any thing from it.
3. It is responsible for a high rate of inflation, as foreign products are sold without any restriction.
4.It causes brain drain.
5.Generally the internal issues are also the nations are interrupted by the investors.
So, globalization should be there, but it should be done in a limited manner.
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| Author: SABBU UDAY KUMAR 17 Mar 2012 Member Level: Bronze Points : 0 Voting Score: 0 |
simply to say globalization is nothing but trading between different nations of the world.But because of this richer countries get still richer and poorer countries get still poorer.
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| Author: wasi arman 02 May 2012 Member Level: Silver Points : 1 (Rs 1) Voting Score: 0 |
Globalization is the process through which an idea, concept, views, thinking is taken at a world level not restricted to any country,town, village or city.
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