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Submitted to: MR.SOYEB JINDANI

Submitted by:

Nilam Patil (343)

Heena Prajapati (337)

Pooja Patel (335)Jinal Patel (333)

Jeenal Malaviya (329)

Priya Joshi (322)

Nayna Anghan (302)

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GLOBALIZATION REFERS IN WHICH ACTIVITIES OF

LARGE NUMBER OF BUSINESS IS CARRIED OUT IN

MANY DIFFERENT LOCATION ACROSS NATIONAL

BOUNDARIES. IT IS JUST MUCH MORE THAN

IMPORTING AND EXPORTING . A TRUE

GLOBALIZATION INVOLVES FIRM PROCURING

RAWMATERIAL, MANUFACTURING IN AND SELLING

IN MANY COUNTRIES.

WHAT DO YOU MEAN BYGLOBALIZATION?

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Globalisationcould involve allthese things!

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Globalization have completely

changed the scenario of the

people life's, belief,expectation, ideology,

mindset,etc. But as we knowthat everything have Its

negative side as well as its

positive side too. So we willsee its advantages and

disadvantages.

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f

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-Increase in free trade between

two countries and made whole

world small.

-Greater opportunity availablefor employment.

-A wide range of products areavailable at affordable prices

due to free trade.

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-Price stability is achieved as there are

less difference in price level

-Greater specialization:- Globalization

provides motivation to domestic firms to

sustain in competitive world

-Larger markets are available to domestic

producers by way of exporting. Theydevelop international marketing channels

both direct and indirect ways

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- wtogether.

-Increase in flow of

communications allows the vital

information to be shared betweenthe individuals and corporate

around the world.

-Greater ease and speed of

transportationfor goods and

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countries stimulates their

economies

-Sharing of technological

innovations is fast and fair

-The best of cultures can be

shared and understood on aglobal scale

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-There is cultural intermingling andeach other is trying to know about the

others cultural preferences and in theprocess of doing so, we are actually

coming across things that we like and

in the course of time adopt it

-Communications allow for the

message of political freedom tyrannyin the for of democracy to spread

globally

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-International agreements are workingtowards trying to protect the

environment from pollutants thatcause global warming, destroying

ecosystems, and increasing acidity

levels in seas and oceans

- There is more influx of information

between two countries, which do nothave anything in common between

them

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-Economic problems like

inflation, unemployment,

recession, and depression

-Lesser controlglobalizationraises the degree of

dependence or

interdependence resulting inlesser control over domestic

economy

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-Jobs are being outsourcedfrom

developed countries to lessdeveloped countries resulting in

higher unemployment

-Transnational corporations may have

fewer environmental regulations to

follow and can pay lower wagesthey can shop around for best

options

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-Transnational corporations are becoming

so large they are beyond the power ofsmaller governments

-Economies are linked due to trade-economic hardshipin one country will

more greatly affect other nations

-Cultural identity is lost due to mass use ofwestern consumer products and

entertainment

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-Profits usually do not stay in

developing countries - they are

returned to developed world

-Media and entertainment impact is

westernizing other cultures

-Developed countries can put outdevelopment of undeveloped and

under-developed countries

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-It can increase spread ofcommunicable diseases

-Companies face much greatercompetition.This can put smaller

companies, at a disadvantage as they

do not have resources to compete atglobal scale

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-Global companies with hi-fi

infrastructure almost ruins thelocal traditional small and

medium industries

-It increases the gap between

the poor and rich; incomeinequalities.

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