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What is globalisation? What are it\'s advantages and disadvantages in India? |
| Answer» Globalization is the process of worldwide integration of economic, financial, cultural, environmental, and communication system.*The advantages or merits of Globalization is discussed below in points:●Globalization broadens our minds. We feel that we belong to one world and we are a part of one nation, namely, humankind.●Globalization help us shake off narrowness. We get the chance of comparing our country with other countries. In this way, we enrich our manners, customs, and habits.●Globalization help us fight illiteracy and promotes education. It gives us clearw knowledge of facts and things.●Globalization help us shed or combat the burning social issues such as child-labor, dowry, etc.*The disadvantages of demerits of Globalization is discussed below in points:●In a way, globalization has contributed towards increasing the gap between the rich and the poor. ●Globalized business have exploited the natural resources of the earth beyond the tolerable limit.●The global economy is now inter-connected. The economic downfall of one major economic nation adversely affects the entire global community. ●Last century has witness spread of diseases from one country to another country. Diseases spread to local | |