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Essay On The Importance Of Globalization

1576 Words7 Pages

In today 's time globalisation plays an important role. It is mainly a process of international integration arising from interchange of world views , products, ideas and other aspects of culture. There have been improvement in transportation and communication due to globalisation. Globalisation refers to the growing interdependence between different people, regions and countries in the world as social and economic relationship come to stretch world wide . Although economic forces are an integral part of globalisation. (Globalise means building an international network and a platform for exchange of goods, services and other resources between countries and continents).A rapid progress has been seen in the recent times due to globalisation. Technological advancement has taken place due to globalisation, different countries in all five continents have been affected and engaged. Globalisation in terms of business it compels to adapt new and different strategies based on new idea logical trends that to balance rights and interests of both the individual and the community as whole. Important advances in …show more content…

Globalisation refers to be growing interdependent between different people 's, regions and countries in the world as a social and economic relationship come to stretch world wide. Globalisation contributes to the economic growth and development of countries worldwide. It is simply a method in which developed and economically powerful countries with strategic and other hardpower (military) utilise resources from the developing countries. Globalisation has many important role in today 's world , as it helps the developingdeveloping countries with better facilities and with employment, Countries like India and Africa are poor compared to other countries like US,UK,China, Japan

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