The world we live in is a global market and we are the generation thriving on Globalisation. Everything that we see around us is there because the markets have come close and have integrated. But every coin has a two sides and similarly globalisation has its flip side too.
2. Flow of content
Introduction
Globalisation
Integration of economies
Aspects of globalisation
Dimensions of globalisation
Reason for globalisation
Advantages and disadvantage
Globalisation of Indian economy
Major policy changes
Impact of globalisation:- Positive and Negative
Conclusion
3. Introduction
The modern world is seen as the world without
geographical boundaries and any kind of barriers.
Globalisation has been the major force behind this.
Globalisation is the integration of the world
economy and exchanging the ideas, products,
technologies etc.
The globalisation hit India late but had huge impact
on the nations economic policies and various other
aspects.
4. Globalisation
Globalisation is the
process of international
integration arising from the
interchange of world
views, products, ideas,
and other aspects
of culture.
Globalisation means rapid
increase in the share of
economic activities taking
place across national
borders.
5. Integration of Economies
The increasing
reliance of economies
on each other
The opportunities to
be able to buy and sell
in any country in the
world
The opportunities for
labour and capital to
locate anywhere in the
world
The growth of global
markets in finance
6. Aspects of globalisation
Trade and transactions
Capital and investment
movement
Migration
Dissemination of
knowledge
7. Dimensions of globalisation
Economic globalisation
Political globalisation
Cultural globalisation
Ideological globalisation
8. Reasons for globalisation
Better resources
Low cost of production
Dilution of the local market
Operating internationally
Market expansion
Increased profit
9. Globalisation…
The good
Increased
productivity
High standards of
living
Increase flow of
foreign capital
Increased
competition
Increase in the
foreign trade
Induce domestic
The bad
Takeover of national
firms
Brings instability
Impact on traditional
industries
Affects small
industries
Widens disparity
Cultural impact
10. Globalisation of Indian
economy
Indian economy adopted
the policy of restriction
after the independence.
But in 1991 due to the
economic crises the
government of India
decided to open its market
for the foreign
investments.
The new economic
policies adopted had
impact on every sector of
the Indian economy.
12. Impact of globalisation
Rapid growth of
business.
Opportunity to go
global.
Introduction of various
new technology.
Rise in access of
technology in rural
area.
New technology in the
agriculture
Literate farmers
Rise in the literacy rate
and quality of
13. Impact of globalisation
Disparity in the society
Ethical responsibility of
business has been
diminished.
Price hike of every daily
usable commodities.
The local business has
perished
High growth but problem
of unemployment.
Affected the agriculture
sector
14. Conclusion
Globalisation had increased the trade of products,
ideas, technologies etc. and created the world
without boundaries but it also had some negative
impact on the developing countries.
Flowing with globalization ,India is shining in nearly
every Prospects. India is getting a global
recognition and slowly moving towards to become
a major economic and political strength.
Though the development is progressing rapidly, still
many basic problems like rural poverty, corruption
and political instability remained unsolved.
Notas del editor
Manfred Steger, professor of Global Studies and research leader in the Global Cities Institute at RMIT University