GLOBALISATION

Submitted By:Ankit Anand Roll No.9002 MBA 1st sem.

Definations:

Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade and capital and movement of persons across borders. Globalisation may be defined as a process associated with increasing openness, growing economic independence and deepening economic integration in the world economy.

Features of Globalisation

The business expands throughout the world. Goods and services are bought and sold from/to any country in the world. The difference between domestic and foreign markets comes to an end. Products are planned and developed keeping in mind the markets of entire world. Manufacturing of goods can be made in any part of the world on the basis of feasibility and viability and from there distribution of goods can be made in the entire world.

Globalisation
Globalisation could involve all these things!

Types/components of Globalisation
Globalisation of markets
Integration and merger of the Different markets of the world Into a single market is known as Globalisation of markets. For Example:- Coca-Cola, Pepsi, Biryani of Hyderabad, Lcd & Led, Walkmans, McDonald, etc.

Globalisation of Production
The location of manufacturing facilities are affected by several factors. These factors vary from country to country. they may be more favourable rather than in home country. For example, cheap raw material and cheap labour is available in the underdeveloped and developing Countries.

Globalisation of Technology
The present age is considered as the age of science. The technological advancement paves the way for a company to enter foreign markets and to develop itself into a virtual global company.

Methods of globalisation of technology:1. 2. 3.

4.

Joint ventures and Mergers. On the basis of Royality or Outright purchase of technology. Technological Collaborations. Latest Technology.

Advantages Of Globalisation
1.

2.
3. 4. 5. 6. 7. 8.

Free flow of capital. Flow of technology. Industrialisation. Balanced Development. Improves the standard of living. Helps in increasing the Production. High quality goods at low prices. Increases the employment opportunities.

Disadvantages of Globalisation
1.

2.

3. 4.

5.

Vanishes the domestic business. Decline in demand for domestic Product. Gap between rich & poor. Developed countries exploit the natural resources of developing countries. Foreign industries violate the labour and environmental laws made by Govt. of developing countries.

conclusion

I am in the favour of Globalisation because due to Globalisation multi-national or trans-national companies (MNCs&TNCs) business with a headquarters in one country but with business operation in the number of others.

THANKS

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