what is globalisation?

Answer 1

(M)

Globalization or globalization is an umbrella term for a complex series of economic, social, technological, cultural and political changes seen as increasing interdependence, integration and interaction among people and companies in disparate locations. As a term 'globalization' has been used as early as 1944[citation needed] but economists first began applying it around 1981. Theodore Levitt is usually credited with its coining through the article he wrote in 1983 for the Harvard Business Review entitled "Globalization of markets". The more encompassing phenomenon has been perceived in the context of sociological study on a worldwide scale.

The term "globalization" is used to refer to these collective changes as a process, or else as the cause of turbulent change. The distinct uses include:

Economically, socially and ecologically positive: As an engine of commerce; one which brings an increased standard of living — prosperity to developing countries and further wealth to First World and Third World countries.
Economically, socially, and ecologically negative: As an engine of "corporate imperialism"; one which tramples over the human rights of developing societies, claims to bring prosperity, yet often simply amounts to plundering and profiteering. Negative effects include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction or inhibition of authentic local and global community, ecology and cultures.
A typical - but restrictive - definition can be taken from the International Monetary Fund,[1] which stresses the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology.

While being a complex and multifaceted array of phenomena, globalization can be broken down into separate aspects:

industrial globalization (alias transnationalization) - rise and expansion of multinational enterprises
financial globalization - emergence of worldwide financial markets and better access to external financing for corporate, national and subnational borrowers
political globalization - spread of political sphere of interests to the regions and countries outside the neighbourhood of political (state and non-state) actors
informational globalization - increase in information flows between geographically remote locations
cultural globalization - growth of cross-cultural contacts

Answer 2

globalisation is usually a term for companies.it means the spread of the company's network across the globe.

Answer 3

I'm from America and I visited India this past summer. We are both becoming more reliant upon each other for all sorts of things...I ate at an amazing Indian restaurant in Denver, Colorado today. When I call and schedule a plane trip, I speak with someone in Bangalore or Mumbai... This is just an example of globalization. Check out the book "The World Is Flat"... it is incredible, and you won't regret it.

Answer 4

Globalisation means integrating one economy with another economy.

Answer 5

it is a process and practice. the production of companies goes any where in the world and can be sold any where. flow of capital technology and human resources can be taken places across the countries and continents. the entire world will be a global village in which opportunities are plenty. each accorind to his ablity may earn but has to pay the taxes to the respective government. in production quality is to be maintained for which the producer has an opportunity to import technology, raw material , raise capital and best brains can be hired. this is all possible in globalization.

Answer 6

TO DO BUSINESS BY BIG COUNTRY IN WHOLE THE WORLD IN GIVEN THE NAME GLOBALISATION.

Answer 7

it is an economical american concept on gaining more money and favor form the duped and unsuspecting members of WTA...

probaly derived from the thesis of john the "beautiful mind"!