what i ask and to whom i ask?

Question

what is globalization? Is this helps to improve the global economy? How it helps to improve the Indian standard of living?

Answer 1

Globalization, in general, is when a country looks outside itself for providing and securing goods and services.

So you might provide the world with product A but can't produce product B so you depend on the rest of the world for it.

There's pros and cons of course.

When a company exports their stuff around the world, it creates more demand and raises the price of things so the country can experience more wealth from providing that item. On the other hand your locals might not get their share of local products due to higher prices overseas, this would be when the maker of an item makes things they will never be able to afford. Similar, your local workers, esp manual laborers, might not ever see a share of the wealth generated by that international market either...just the head of the companies getting fat. Last thing is that a country providing things for the world if they don't need or use that product, may not understand enough about it, to be able to develop it into a sellable product.

When a company imports things, it is a chance to have things they can't produce on their own. A landlocked country, for example, can have seafood which is probably a good thing. And at the same time, a downfall of this situation is that as citizens get comfortable with having imported items, they can start to lose focus and look outside themselves to get their needs met, and may even have their priorities all wrong...the Japanese from what I have heard are all over Levi's jeans. Since cotton is not a material that grows in Japan, they have to be imported and this becomes a status item that you "must have". They are cool but blowing your budget to have these "imported designer jeans" may mean you don't eat that week.

All things considered, though, global markets are good for the most part, in my opinion. It encourages goodwill between countries when they depend on each other for things...and sometimes it makes the very basics attainable for a country that has a lot of poverty and few resources to be self-sufficient. Speaking here about things like agriculture and basic food supplies, medical items, building materials to actually sustain and advance the local population.

Apply these ideas to India as you wish.

Answer 2

Globaization means that the whole world is treated as one large village where everyone is free to trade what he/she has to offer for sale, and everyone who wants to buy is free to do so fom anyone. This is a big idea, can be good for the world, if implemented honestly.This also implies that patents granted in country are to be respected by all the countries,.The problem with implementing this idea is that there is no effective world government to regulate matters. Those who advocated the cause of the Globalization are the ones who are afraid of the consequences of implementing

It will become susccessful after the majority switch over to the System.India has done partly the required legislation and policy changes.

Answer 3

this is a big question but just to give u an idea....

well globalisation is connecting of world (global) economies to make one global economy. it means removing the obstacles to free trade and communication between countries like custom duties and other restrictions. the world trade organisation is one step towards globalisation.

however critics think that this is a good thing for developed economies and not very good for the developing ones.

you can ask your economics teacher for greater clarity. plus visit sites like wikepedia and also that of world trade center etc.

Answer 4

That's a BIG question. Read here:
http://en.wikipedia.org/wiki/Globalization

Answer 5

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Answer 6

That is what the the world is experiencing now - Globalisation. Some of them are good and most of them are bad.

Answer 7

read the book written by Martin Woof on this topic