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Q.

What is globalisation? tell me its effect

Tags: news & events, politics & government, arts & culture
Asked by Sangeeta kakati, 29 Oct '12 05:49 pm
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Answers (6)

1.

Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.
Advantages;;Goods and people are transported with ease and speed
the possibility of war between the developed countries decreases
free trade between countries increases
Source: Buzzle//
Answered by LIPSIKA, 29 Oct '12 05:53 pm

 
  
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2.

Arey, ye globalisation ki wajah se sab ladke ladkiyaa kareeb aa gayi hai aur humari to chhutti ho gayi hai .... :-)
Answered by Manoj Joshi, 29 Oct '12 06:01 pm

 
  
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3.

Any problem effecting whole world is known as globalisation like economic crisis.
Answered by Ramesh Agarwal, 29 Oct '12 05:57 pm

 
  
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4.

Globalization (or globalisation) in its literal sense is the process or transformation of local or regional phenomena into global ones. It can be described as a process by which the people of the world are unified into a single society and function together. This process is a combination of economic, technological, sociocultural and political forces. Globalization is often used to refer to economic globalization, that is, integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.

Tom G. Palmer of Cato Institute defines "globalization" as "the diminution or elimination of state-enforced restrictions on exchanges across borders and the increasingly integrated and complex global system of production and exchange that has emerged as a result."
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Effects of globalization:
Globalization has various aspects which affect the world in several different ways such ...more
Answered by jakir hussain, 29 Oct '12 05:54 pm

 
  
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5.

I think only MMS is qualified to answer this question
Answered by rajnikant raiyarela, 29 Oct '12 05:53 pm

 
  
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6.

Globalisation can be defined as the increasing economic and financial integration of economies around the world.

The term broadly refers to the worldwide changes that are taking place to remove national boundaries from the financing, production, sale and distribution of goods and services. Transnational corporations that see the world as a single market have facilitated the process. Another way to think of this process is the global supply and value chain. For example, fashion garments are designed in Sydney. Orders for materials are sent to China where the material is manufactured. The materials are exported to Fiji, where the fashion garments are sown and finished. They are then imported to Sydney and distributed to stores for sale. These global supply chains are globalisation in action.

It is important to note that globalisation not only refers to the actual movement of trade but also to the capacity and the potential to move across the borders of nations, investment, technolo ...more
Answered by Rose, 29 Oct '12 05:51 pm

 
  
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