Merits and Demerits of Globalisation

Globalization is the process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Globalization is simply the interactions of different countries throughout the world. International Trade as previously defined is the exchange of capital, goods, and services across international borders or territories, which could involve the activities of the government and individual. International Trade and Globalization go hand in hand. Both of these two are usually very beneficial to businesses such as

Globalisation refers to the process of interaction and integration among the people, companies as well as governments of countries around the world, particularly in terms of trade, investment and technology. The process of globalisation, has profound impacts on the environment, culture, political systems, economic developments, prosperity and human physical well-being in the societies around the world.

"Globalization" is a term that came into popular usage in the 1980 's to describe the increased movement of people, knowledge and ideas, and goods and money across national borders that has led to increased interconnectedness among the world 's populations, economically, politically, socially and culturally. Although globalization is often thought of in economic terms (i.e., "the global marketplace"), this process has many social and political implications as well. Many in local communities associate globalization with modernization (i.e., the transformation of "traditional" societies into "Western" industrialized ones). At the global level, globalization is thought of in terms of the challenges it poses to the role of governments in international affairs and the global economy

Globalization is a process of global economic, political and cultural integration. It has made the world break down as within its countries, leading to have a greater negative impact on the economy of the United States. Some of its factors includes tariffs, fluctuation in prices, and unemployment.

The term globalization is very familiar worldwide and is being used frequently during oral and written communication. So, it is a buzzword. But what it really signifies is required to be clearly understood. The origin of the word globalization is globe. We know the word globe means model of the earth composite body that contains valuable animate and inanimate objects with multi-configuration in a space called universe. Human being is one of the superior animate objects. We, as the human being of the earth made our global efforts to globalize the various activities to satisfy the needs and wants. The process by means of which our activities are integrated and created interdependence globally is called globalization. Therefore, globalization can be defined as the on-going economic, technological, social and political integration of the world. Through the process of globalization the economic, cultural, social, political, and environmental interdependence level has been increasing day by day over the vast distances. However, the vast distances with the advent of science and technology have

Everywhere one seems to go nowadays, large international corporations—markedly American ones—seem to be located just about everywhere; Walmart and its subsidiaries have locations from Chile to India (Walmart) and McDonald’s is located in 119 (Segar) of the United Nation’s 193 member states (United). Films produced in Hollywood dominate the world’s movie screens, and American music can be heard in just about every corner of the globe. With all of their cultural imperialism, the big, bad Americans must be stamping out harmless cultures that have thrived for hundreds of years and now have no option but to either surrender to the malevolent, unyielding onslaught of American markets or take measures into their own hands and pass legislation to protect

Globalization to me is when countries around the world expand their economic and financial dealings, communications, and political and cultural views with other developed and developing nations, with the hope of expanding worldwide economic growth and lessening poverty. International trade is a means of accomplishing this end.

Globalization is defined by the Levin Institute as "a process of interaction and integration among people, companies, and governments of different nations." The process itself is really driven by two main components those being international trade and investment.

Globalization is the process by which businesses or countries develop an international influence. It is a result of the interweaving of markets, technology, and information around the globe. As a result globalization has resulted in a more interdependent global economy.

Globalization is the process of interaction and integration of people, companies and governments of different nations. The process is driven by international trade, investment and information technology. (Globalization 101, 2015). Basically, globalization is what happens when countries do something together and how it is affected throughout the world

Globalization is the process of the world becoming better communicated, which promotes the adoption of common cultural aspects, the international exchange of goods and services, and foreign investments, thus creating a global market and encouraging division of labor.

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

Frequently, people are unclear of exactly what Globalization means. Globalization is the tendency of the world's economies to act as a single interdependent economy. It can be described as the increased movement of people, knowledge, ideas, goods and money across national borders to make the world more unified in a sense. Globalization is often thought of in economic terms but as we know there are other components with this idea like, economics, and cultures. There is a huge debate of whether or not globalization is positive or negative.

Globalization, in its most literal definition, is the process of making, transforming or expanding a product or service into a global one. This process is a combination of economic, technological, socio-cultural, and political forces (Button, 2008).

Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.