Knowledge sharing part 3_:
lets talk about globalization and its impact .... i found two topics asked in last year's gd ...._Globalisation has eroded the nation state and Globalisation boon or curse for Indian youth_. keeping both in mind lets give our views.....
_Liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy._
Privatization is the incidence or process of transferring ownership of business from the public sector (government) to the private sector (business).
_Globalization_ in a literal sense is international integration. It can be described as a 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, sociocultural and political forces.
Since World War II, barriers to international trade have been considerably lowered through international agreements - General Agreement on Tariffs and Trade (GATT). Particular initiatives carried out as a result of GATT and the World Trade Organisation (WTO)
For_ Brought in competition in Indian market Better services now for customers Technological advancements _Infrastructural developments due to forieg investments in less developed countries or areas_ Against _Disadvantage to poorer countries as they are basically agriculture products exporters and the farmers of these countries cannot compete on the international mkts and are forced to sell their products at a lower price._ In context of Indian youth- mall culture has come up and it is more of a dating place rather than for buying things…thus kind of changing Indian culture Many factories are being built as a result pollution is increasing