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Showing posts from October, 2021

India and Globalization

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- Nayan Chourey Globalization   India facing Globalization   G lobalization defines the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe. The wide-ranging effects of globalization are complex and politically charged. As with major technological advances, globalization benefits society as a whole, while harming certain groups. Abundant theoretical studies demonstrated that globalization intercedes in a cultural life of populace that raises numerous critical issues. The factors which are aiding globalization are Technology, LPG Reforms, Faster Transformation, Improved mobility of Capital, Rise of MN-C's. These factors have helped in economic liberalization and globalization and have f...

Positive impact of Globalisation on Business and Indian Economy

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 -By Nisha Suthar   Globalization of business means viewing one’s business in a Global perspective in terms of a global outlook, using globally viable technology, offering The products or services which can better satisfy the customer needs in a global Environment, maintaining a quality in adherence to global standards an identity of global Corporate citizenship, and ultimately fostering a global organizational and business Culture.   Industrial growth has been very high and strong during the past decade because of Globalisation. Indian industries are also expanding abroad.  Foreign companies have Substantially increased their investments in Indian industries. Wages of industrial labour Has increased substantially as they have become very productive.  Several New type of industries have also come up. Small scale industries of the past, has grown Into medium scale companies.  Globalisation has transformed the services sector with the most rapid growth i...

Positive Impacts of Globalization on Consumers (common people)

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 By Aarya Gupta 1. Access to New Cultures Globalization makes it easier than ever to access foreign cultures, including food, movies, music, and art. This free flow of people, goods, art, and information is the reason you can have Thai food delivered to your apartment as you listen to your favorite UK-based artist or stream a Bollywood movie. 2. The Spread of Technology and Innovation Many countries around the world remain constantly connected, so the knowledge and technological advances travel quickly. Because knowledge also transfers so fast, this means that scientific advances made in Asia can be at work in the United States in a matter of days. 3. Lower Costs for Products Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money. 4. High...