GLOBALISATION

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

THANK YOU