CONCEPT OF GLOBALISATION

Globalization is a process of integration of the economy of a country with

the economies of the other countries. It involves free flow of trade,
capital, ideas and culture. It is a multi-dimensional concept. It has
political, economic and cultural consequences.
POSITIVE IMPACTS
 New jobs are created in industries by MNC’s.
 Increase in the volume of trade in goods and services.
 Rapid improvement in technology.
NEGATIVE IMPACTS
 Exploitation of natural resources and labour force.
 Cultural Pollution.
 Gulf between the rich and poor widens and market policy is
governed purely by market force.

EVOLUTION OF GLOBALISATION
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