Essay on Globalization in English
Over the last few decades, globalization has been very fast, which has resulted in the increase in the economic, social, political and cultural reciprocity worldwide through the advancement of technical, telecommunication, traffic etc. It has affected human life both positive and negative. There is a need to improve its negative effects from time to time. Globalization has affected the world economy in many positive ways. The incredible advancement of science and technology has provided amazing opportunities for business or business to easily expand to all safe borders.
Due to globalization (globilization), there has been an increase in the large scale of companies or factories. They have become more productive than ever and thus, creating a more competitive world. Competition in the quality of products, services, etc. is increasing. Successful companies of developed countries are establishing branches of their companies overseas, so that they get localization benefits through cheap labor and low wages. Such business activities are employed in developed countries or people of poor countries. Thus, they get an opportunity to move forward.
Along with the positive dimensions of globalization , its negative effects are also not forgettable. The risk of having diseases of fatal diseases and contagious diseases has increased by means of transport from one country to another. In order to prevent the bad effects of this on human life, governments of all countries should have full control over globalization
Essay on Globalization in 500 words
Globalization is the way to increase business for international players at international level, technological advancement, improve economy, etc. In this way, the producers or producers can sell their products or items without any obstacles all over the world. It provides profits to businessmen or traders because they get laborers in poor countries easily through poor globalization . It gives companies large-scale opportunities in the global market. It facilitates any country to invest in partnership, setting up of mixed factories, investing in equities, selling products or services of any country.
How Globalization Works
Globalization helps to market the entire world as a market. Merchants grow the business area by treating the world as a global village. Prior to the 1990s, there was a restriction on import of certain products in India, which were already manufactured in India; Such as agricultural products, engineering goods, food items etc. However, in the 1990s, there was pressure for wealthy countries to spread their business in poor and developing countries on the World Trade Organization, World Bank and International Monetary Fund. Liberalization and globalization in India was started by the Federal Finance Minister (Manmohan Singh) in 1991.
After many years, due to globalization, major revolutions came in the Indian market, when many multinational brands, such as PepsiCo, KFC, Mac-Donald, IBM, Nokia, etc in India Sales of various wide quality products at affordable cost. All lead brands have demonstrated the real revolution of globalization, which has resulted in an increase in the increase in the industrialization and economy. Due to the throat cut competition in the market, cost of quality products reduced.
Globalization and liberalization of businesses in the Indian market has flooded quality foreign products, however, it has greatly influenced the local Indian market. As a result, poor and illiterate Indian workers got jobs Globalization is very beneficial for all consumers, however, it is very harmful for small scale Indian producers.
Globalization has linked Indian students and education sector to foreign universities through Indian universities, due to which there has been a major revolution in education sector.
Through the globalization , the health sector has also been affected, due to which general medicines, regular electrical health machines, etc. are available.
Globalization has affected the production in large part by bringing varieties of different varieties in the agricultural sector. However, it is not good for poor Indian farmers due to costly seeds and agricultural techniques.
It also includes business in the employment sector, such as; Small scale industries, arm factories, corpettes, jewelery and glass business etc. have brought revolution, at large scale.
it has brought various quality products at affordable price and provided employment to developed countries as well as large population. However, it has increased competition, crime, anti-national activities, terrorism etc. Therefore, it brings some sorrow along with happiness.