Globalization

Chirag Shah
Urmi Chandan Dhruvin Upadhyay

Chaitali Panchal
Sonam Jain

INDEX
What is globalization?
Features of Globalization Advantages and Disadvantages of Globalization Effects of Globalization Conclusion

What is Globalization?
The entire world is just

like one country for business.

Globalization is

simultaneous opening up of the world economy.

Free trade, flows of labour

and capital.
Technology makes it

The overland Silk Road that connected Asia, Africa and Europe is a good example of the transformative power of international exchange.

Features of Globalization
Operating and planning to expand business

throughout the world. Erasing the difference between domestic market and foreign market. Buying and selling goods and services from/to any country in the world. Product planning and development are based on consideration of the entire world. Manufacturing and distributing facilities are established overall avoiding national considerations.

Advantages Of Globalization
Helps free flow of capital from one country to

another. Encourages flow of technology from advanced countries to developing ones. Increase in the welfare of nations and prosperity of the world countries. Increase in employment and income and high standard of living. Products with high quality and low prices are made available.

Disadvantages of Globalization
It exploits human resources.
Leads to underemployment. Declining demand of domestic products. Natural resources of developing countries are

transferred to other ones. Widens the gap between rich and poor.

Effects of globalization
Industrial
Financial Economic

Social
Competitive

Industrial Effects
It is the emergence of

worldwide prodution markets. It is a broader access to a range of foreign products for consumers and companies. It is basically the movement of material and goods within national boundaries.

Financial Effects
Globalization is the

emergence of wolrdwide financial markets. It is the better access to external financing for borrowers.

Economic Effects
It is a realisation of

global common market, based on the freedom of exchange of goods and capital. A reduction of transportation and communication costs is what initiated globalization economies around the world.

Social effects
Also known as international

cultural exchange increased circulation by people of all nations with fewer restrictions.
It promotes international

travel and tourism.

It spreads consumer

products to other countries.

Competitive Effects
Survival in the new global

business market calls for improved productivity and increased competition Due to the market becoming worldwide ,companies in various industries have to upgrade their products. They have to use technology skillfully in order to face increased competition.

Conclusion
It has been an integral part of the recent economic

progress made by India. International companies are expanding their operations overall because of globalization. Has also played a major role in export-led growth. Led to the enlargement of the job market in India. Globalization has integrated not only economies but also the societies. It has made the world into a single global village.

References
Google wikipedia (www.google.com)
Orientation programme (study material)

THANK -YOU