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GLOBALISATION

Submitted By:-Ankit Anand

Roll No.9002MBA 1 st sem.

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Definations:-

Globalisation means integrating the economy of acountry with the economies of other countries underconditions of free flow of trade and capital and

movement of persons across borders.Globalisation may be defined as a process associatedwith increasing openness, growing economicindependence and deepening economic integration inthe world economy.

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Features of Globalisation

The business expands throughout the world.Goods and services are bought and sold from/to any country inthe world.

The difference between domestic and foreign markets comesto an end.Products are planned and developed keeping in mind themarkets of entire world.

Manufacturing of goods can be made in any part of the worldon the basis of feasibility and viability and from theredistribution of goods can be made in the entire world.

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Globalisation

Globalisationcould involve

all thesethings!

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Globalisation of Technology

The present age is considered as the age of science. Thetechnological advancement paves the way for a company toenter foreign markets and to develop itself into a virtualglobal company.

Methods of globalisation of technology:-1. Joint ventures and Mergers.2. On the basis of Royality or Outright purchase of technology.

3. Technological Collaborations.4. Latest Technology.

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Advantages Of Globalisation

1. Free flow of capital.2. Flow of technology.3. Industrialisation.

4. Balanced Development.5. Improves the standard of living.6. Helps in increasing the Production.7. High quality goods at low prices.8. Increases the employment opportunities.

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Disadvantages of Globalisation

1. Vanishes the domestic business.2. Decline in demand for domestic

Product.

3. Gap between rich & poor.4. Developed countries exploit the

natural resources of developingcountries.

5. Foreign industries violate the labourand environmental laws made by Govt.of developing countries.

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conclusion

I am in the favour of Globalisation because due toGlobalisation multi-national or trans-nationalcompanies (MNCs&TNCs) business with a

headquarters in one country but with businessoperation in the number of others.

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THANKS

THANK YOU