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    Globalization & Trade: By: Kartik Oberoi

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    alka rana
    Globalization refers to the increasing interconnectedness between countries through fast flows of goods, services, finance, people and ideas facilitated by changes to institutions and policies. Trade involves the buying and selling of goods and services between parties, with imports referring to goods brought into a country and exports referring to goods sold to other countries, which can be domestic or international. Globalization has increased interconnectedness between markets and communication between countries, making products available in new international markets and improving trade efficiency through technology while potentially having both positive and negative developmental and health impacts.

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    Globalization & Trade: By: Kartik Oberoi

    Uploaded by

    alka rana
    11 views6 pages
    Globalization refers to the increasing interconnectedness between countries through fast flows of goods, services, finance, people and ideas facilitated by changes to institutions and policies. Trade involves the buying and selling of goods and services between parties, with imports referring to goods brought into a country and exports referring to goods sold to other countries, which can be domestic or international. Globalization has increased interconnectedness between markets and communication between countries, making products available in new international markets and improving trade efficiency through technology while potentially having both positive and negative developmental and health impacts.

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    Presentation on role of trade in globalisation

    Original Title

    Globalization Trade

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    Globalization refers to the increasing interconnectedness between countries through fast flows of goods, services, finance, people and ideas facilitated by changes to institutions and policies. Trade involves the buying and selling of goods and services between parties, with imports referring to goods brought into a country and exports referring to goods sold to other countries, which can be domestic or international. Globalization has increased interconnectedness between markets and communication between countries, making products available in new international markets and improving trade efficiency through technology while potentially having both positive and negative developmental and health impacts.

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    © All Rights Reserved
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    11 views6 pages

    Globalization & Trade: By: Kartik Oberoi

    Uploaded by

    alka rana
    Globalization refers to the increasing interconnectedness between countries through fast flows of goods, services, finance, people and ideas facilitated by changes to institutions and policies. Trade involves the buying and selling of goods and services between parties, with imports referring to goods brought into a country and exports referring to goods sold to other countries, which can be domestic or international. Globalization has increased interconnectedness between markets and communication between countries, making products available in new international markets and improving trade efficiency through technology while potentially having both positive and negative developmental and health impacts.

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    of 6

    Globalization &

    Trade
    BY: KARTIK OBEROI
    What is globalization?

     Globalization, or the increased interconnectedness and


    interdependence of peoples and countries. It includes:
     The opening of international borders to increasingly fast flows of goods,
    services, finance, people and ideas
     The changes in institutions and policies at national and international
    levels that facilitate or promote such flows.
     Globalization has the potential for both positive and negative
    effects on development and health
    What is trade?

     Trade refers to buying and selling of goods and services between


    two or more parties.
     Goods that are brought into a country are called imports and those
    that are sold to another country are called exports.
     Trade can be international or domestic.
     Example of domestic trade:
     Trade of Apples: From Kashmir to rest of India
     Example of international trade:
     Vox Trade route: China’s initiative to recreate the Silk route.
    Effect of globalization on trade

     Globalization has many effects on international trade, a few are:


     Interconnectedness:
     Globalization has resulted in greater interconnectedness among markets
    around the world and increased communication between distant countries
     Products and services previously available within one country are made
    available to new markets outside the country.
     Technology and Efficiency:
     Globalization pushed us to create better systems to enable international
    trade at a faster rate.
     Increased efficiency in global trade and reduced cost and time. Production
    processes have become more efficient due to globalization as companies
    want to maintain their competitive advantage.
    Citations

     https://medium.com/@ModulTrade/effect-of-globalization-on-
    international-trade-2bcc873dd121
     https://medium.com/@ModulTrade/effect-of-globalization-on-
    international-trade-2bcc873dd121
     http://www.who.int/topics/globalization/en/
    Thank You

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