globalization english essay

Essay on Globalization for Students and Children

500+ words essay on globalization.

Globalization refers to integration between people, companies, and governments. Most noteworthy, this integration occurs on a global scale. Furthermore, it is the process of expanding the business all over the world. In Globalization, many businesses expand globally and assume an international image. Consequently, there is a requirement for huge investment to develop international companies.

How Globalization Came into Existence?

First of all, people have been trading goods since civilization began. In the 1st century BC, there was the transportation of goods from China to Europe. The goods transportation took place along the Silk Road. The Silk Road route was very long in distance. This was a remarkable development in the history of Globalization. This is because, for the first time ever, goods were sold across continents.

Globalization kept on growing gradually since 1st BC. Another significant development took place in the 7th century AD. This was the time when the religion of Islam spread. Most noteworthy, Arab merchants led to a rapid expansion of international trade . By the 9th century, there was the domination of Muslim traders on international trade. Furthermore, the focus of trade at this time was spices.

True Global trade began in the Age of Discovery in the 15th century. The Eastern and Western continents were connected by European merchants. There was the discovery of America in this period. Consequently, global trade reached America from Europe.

From the 19th century, there was a domination of Great Britain all over the world. There was a rapid spread of international trade. The British developed powerful ships and trains. Consequently, the speed of transportation greatly increased. The rate of production of goods also significantly increased. Communication also got faster which was better for Global trade .

Finally, in 20th and 21st -Century Globalization took its ultimate form. Above all, the development of technology and the internet took place. This was a massive aid for Globalization. Hence, E-commerce plays a huge role in Globalization.

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Impact of Globalization

First of all, Foreign Direct Investment (FDI) increases at a great rate. This certainly is a huge contribution of Globalization. Due to FDI, there is industrial development. Furthermore, there is the growth of global companies. Also, many third world countries would also benefit from FDI.

Technological Innovation is another notable contribution of Globalization. Most noteworthy, there is a huge emphasis on technology development in Globalization. Furthermore, there is also technology transfer due to Globalization. The technology would certainly benefit the common people.

The quality of products improves due to Globalization. This is because manufacturers try to make products of high-quality. This is due to the pressure of intense competition. If the product is inferior, people can easily switch to another high-quality product.

To sum it up, Globalization is a very visible phenomenon currently. Most noteworthy, it is continuously increasing. Above all, it is a great blessing to trade. This is because it brings a lot of economic and social benefits to it.

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Essay On Globalisation

Globalisation Essay

500+ words essay on globalisation.

Globalisation can be defined as a process of integration of the Indian economy with the world economy. Globalisation has been taking place for the past hundred years, but it has sped up enormously over the last half-century. It has increased the production and exchange of goods and services. Globalisation is a positive outcome of privatisation and liberalisation. Globalisation is primarily an economic process of interaction and integration associated with social and cultural aspects. It is said to be an outcome of different policies to transform the world towards greater interdependence and integration. To explain, in other words, Globalisation is a concept or method of interaction and union among people, corporations, and governments universally.

The top five types of globalisation are:

1. Cultural globalisation

2. Economic globalisation

3. Technological globalisation

4. Political globalisation

5. Financial globalisation

Impact of Globalisation on the Indian Economy

After urbanisation and globalisation, we can witness a drastic change in the Indian economy. The government-administered and established economic policies are imperative in planning income, investment, savings, and employment. These economic policies directly influence while framing the basic outline of the Indian economy.

Indian society is critically impacted by cross-culture due to globalisation, and it brought changes in different aspects of the country in terms of political, cultural, economic and social.

However, the main factor is economic unification which contributes maximum to a country’s economy into an international economy.

Advantages of Globalisation

Labour access: Due to globalisation, nations can now access a broader labour pool. If there is any shortage of knowledgeable workers in any developing nation, they can import labour from other countries. On the other hand, wealthier countries get an opportunity to outsource their low-skill work to developing nations with a low cost of living to reduce the cost of goods sold and move those savings to the customers.

High standard of living: After Globalisation, the Indian economy and the standard of living have increased. The change can be observed in the purchasing behaviour of an individual, especially those associated with foreign companies. Hence, most cities are upgraded with a better standard of living and business development.

Resource Access : The primary reason for trade is to gain access to the resources of other countries. It would have been impossible to produce or manufacture luxurious goods if the flow of resources across countries was not permissible—for example, Smartphones.

Impact of Globalisation

Globalisation in terms of economy is associated with the development of capitalism. The introduction of Globalisation has developed economic freedom and increased the living standard worldwide. It has also fastened up the process of offshoring and outsourcing. Due to outsourcing, transnational companies got an opportunity to exploit medium and small-sized enterprises intensively at a low price worldwide. As a kind of economic venture, outsourcing has increased, in recent times, because of the increase in quick methods of communication, especially the growth of information technology (IT).

Privatization of public utilities and goods, such as security, health, etc., are also impacted by Globalisation. Other goods, such as medicines or seeds, are considered economic goods and have been integrated into recent trade agreements.

This essay on Globalisation will help students to understand the concept more accurately. Students can also visit our BYJU’S website to get more CBSE Essays , question papers, sample papers, etc.

Frequently Asked Questions on Globalisation Essay

What are the benefits of globalisation.

Globalisation gives countries access to foreign cultures and technological innovation from more advanced countries. It provides improved living standards to people. The global exposure it gives has resulted in the emergence of new talent in multiple fields.

What are the main elements of globalisation?

Principle elements of globalisation are international trade, foreign investment, capital market flows, labour migration, and diffusion of technology.

What are the different types of globalisation?

Political, economic and cultural globalisation are the main types of globalisation.

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✍️Essay on Globalisation: Samples in 100, 150 and 200 Words

Updated on
Oct 25, 2023

Globalisation means the combination of economies and societies with the help of information, ideas, technology, finance, goods, services, and people. It is a process where multinational companies work on their international standing and conduct operations internationally or overseas. Over the years, Globalisation has had a profound impact on various aspects of society. Today we will be discussing what globalisation is and how it came into existence with the essay on globalisation listed below.

Table of Contents

1 How Globalisation Came Into Existence?
2 Essay on Globalisation in 100 Words
3 Essay on Globalisation in 150 Words
4 Essay on Globalisation in 200 Words

How Globalisation Came Into Existence?

For all those unaware, the concepts of globalisation first emerged in the 20th century. Here are some of the key events which led to the development of globalisation in today’s digital world.

The ancient Silk Route as well as the maritime routes led to the exchange of goods, ideas and culture in several countries. Although these were just trade routes, but later became important centres for cultural exchange.
Other than this, the European colonial expansion which took place from the 15th to the 20th century led to the setting up of global markets where both knowledge and people were transferred to several developing countries.
The evolution and exchange of mass media, cinema and the internet further led to the widespread dissemination of cultures and ideas.

Also Read: Essay on the Importance of the English Language for Students

Essay on Globalisation in 100 Words

Globalization, the interconnectedness of nations through trade, technology, and cultural exchange, has reshaped the world. It has enabled the free flow of goods and information, fostering economic growth and cultural diversity. However, it also raises challenges such as income inequality and cultural homogenization.

In a globalized world, businesses expand internationally, but local industries can suffer. Moreover, while globalization promotes shared knowledge, it can erode local traditions. Striking a balance between the benefits and drawbacks of globalization is essential to ensure a more equitable and culturally diverse global community, where economies thrive without leaving anyone behind.

Also Read: Essay on Save Environment: Samples in 100, 200, 300 Words

Essay on Globalisation in 150 Words

Globalization is the process of increasing interconnectedness and interdependence among countries, economies, and cultures. It has transformed the world in various ways.

Economically, globalization has facilitated the flow of goods, services, and capital across borders. This has boosted economic growth and reduced poverty in many developing nations. However, it has also led to income inequality and job displacement in some regions.

Culturally, globalization has resulted in the spread of ideas, values, and cultural products worldwide. While this fosters cultural exchange and diversity, it also raises concerns about cultural homogenization.

Technologically, globalization has been driven by advances in communication and transportation. The internet and smartphones have connected people across the globe, allowing for rapid information dissemination and collaboration.

In conclusion, globalization is a complex phenomenon with both benefits and challenges. It has reshaped the world, bringing people closer together, but also highlighting the need for responsible governance and policies to address its downsides.

Also Read: Essay on Unity in Diversity in 100 to 200 Words

Essay on Globalisation in 200 Words

Globalization, a multifaceted phenomenon, has reshaped the world over the past few decades. It involves the interconnectedness of economies, cultures, and societies across the globe. In this essay, we will briefly discuss its key aspects and impacts.

Economically, globalization has led to increased international trade and investment. It has allowed companies to expand operations globally, leading to economic growth in many countries. However, it has also resulted in income inequality and job displacement in some regions.

Culturally, globalization has facilitated the exchange of ideas, values, and traditions. This has led to a more diverse and interconnected world where cultures blend, but it can also challenge local traditions and languages.

Socially, globalization has improved access to information and technology. It has connected people across borders, enabling global activism and awareness of worldwide issues. Nonetheless, it has also created challenges like cybercrime and privacy concerns.

In conclusion, globalization is a double-edged sword. It offers economic opportunities, cultural exchange, and global connectivity, but it also brings about disparities, cultural tensions, and new global challenges. To navigate this complex landscape, the world must strive for responsible globalization that balances the interests of all stakeholders and promotes inclusivity and sustainability.

The movement of goods, technologies, information, and jobs between countries is referred to as globalisation.

Globalization as a phenomenon began with the earliest human migratory routes, or with Genghis Khan’s invasions, or travel across the Silk Road.

Globalisation allows wealthy nations to access cheaper labour and resources, while also providing opportunity for developing and underdeveloped nations with the jobs and investment capital they require.

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Malvika Chawla

Malvika is a content writer cum news freak who comes with a strong background in Journalism and has worked with renowned news websites such as News 9 and The Financial Express to name a few. When not writing, she can be found bringing life to the canvasses by painting on them.

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Globalisation Essay

Essay on Globalisation

Globalization began thousands of years ago when people and companies bought and sold in distant lands. In the Middle Ages, Central Asia was connected to China and Europe via the famous Silk Road. After World War II and the last two decades, governments of many countries have adopted free-market economies. They have greatly increased their own production potential and created countless new opportunities for international trade and investment. New routes and means to transport goods have been discovered, which has allowed the people to expand their business easily and efficiently.

The government has reduced all trade barriers and concluded new international agreements to promote trade in goods, services and investment. This profitable action has created opportunities for international trade. In foreign markets, companies with these new opportunities set up new factories and establish production and marketing relationships with foreign partners. Hence, Globalization is defined as an international industrial and financial enterprise.

Overview of Globalization

Globalization means the assimilation of economics and societies through the flow of information, ideas, technologies, goods, services, capital, finance, and people. The real meaning of Globalization in a broad sense is connectivity in all aspects of human life. It is the process where the businesses or other organizations expand international authority or start operating on an international scale.

How the Existence of Globalization Came Into Being?

Globalization had started many thousands of years ago when people and corporations were buying and selling across lands at great distances. In the middle age, Central Asia connected with China and Europe through the famed Silk Road. After the Second World War II and during the last two decades, the governments of many countries have adopted free-market economic systems. They increased their own productive potential immensely and created innumerable new opportunities for international trade and investment.

The governments have reduced all barriers to commerce and established new international agreements to promote trade in goods, services and investments. These beneficial measures gave rise to opportunities for global trade. With these new opportunities in the foreign markets, corporations established new factories and started production and marketing alliances with foreign partners. Hence, Globalization is defined as an international industrial and financial business structure.

Advantages and Disadvantages

The frontiers of the state with increased confidence in the market economy and renewed policies in the private capital and resources, a process of structural adjustment spurred by the studies and with the support of the World Bank and other international organizations have started in many of the developing countries. Globalization has also brought in new opportunities to developing countries. Greater access to developed country markets and technology transfer has promised to improve their productivity and higher standards.

At the same time, Globalization has also created challenges like growing inequality across and within nations, instability in the financial market and environmental deterioration. Globalization is a fascinating exhibition that can be understood as a global system of competition and connectivity. It has created tough competition among countries and global corporations.

Impact of Globalization in India

The British Colonial rule had destroyed the self-sufficient economy of India and left India to be the poorest Independent country. Our first Prime Minister gave preference to a mixed economy to boost the economic condition of the country. Public sectors were set up along with the private enterprises, but because of the socialistic model of the economy, the new strategy did not produce profitable results. Due to this, a number of public sectors became sick and the growth rates of production began to fall.

During that time, the poverty of the people in India was increasing at an alarming rate and because of low domestic savings and acute balance of payment crisis, there was no adequate capital for investment. During that time of crisis, Prime Minister PV Narsimha Rao introduced the policy of liberalization, privatization to overcome the financial situation.

India opened up to Globalization after the economic policy of 1991 came into force. Mounting debts and pressure from the International Monetary Fund drove the nation to go global. The process of Globalization has been an integral part of the recent economic growth of India. Globalization has played a very significant role in the growth of export, leading to the expansion of the job market in India. One of the major sectors of Globalization in India has been in the growth of outsourced IT and Business Process Outsourcing services. There has been an incredible increase in the number of skilled professionals in India employed by domestic and foreign companies to cater service to the customers globally, especially in the USA and Europe.

There was not a doubt that Globalization in India brought a monumental change in the living standards of the people. People in India realized many benefits from Globalization. The establishment of multinational companies generating billions of jobs and access to umpteen numbers of brands and an increase in the forex reserves of the country took India to a higher platform globally. Despite this monumental change in the economy of the country, India also faced the challenges of severe competition from the foreign market and the domestic producers started fearing marginalization and pulverization because of the better quality products produced by the foreign producers.

Globalization had both desirable and undesirable consequences for India and the world. Even though it has accelerated progress in some countries, it has also widened the gap between the rich and the poor.

The impact of Globalization has been both positive and negative on the entire world, but we can surely hope for more advancement in the global economy due to this process.

FAQs on Globalisation Essay

1. How Did Globalization Help India to Improve the Economic Conditions?

Globalization generated umpteen employment opportunities for the people of India by establishing multinational companies. The policy of liberalization and privatization invited foreign traders to do business with India. This has increased the inflow of men, money, material, labor, technology, etc., from foreign countries to India. People have access to foreign brands and the living standards have improved drastically.

2. How is Globalization a Threat to Domestic Producers?

The domestic producers fear marginalization and pulverization because of the entry of foreign and better quality products.

3. What are the advantages and disadvantages of Globalization?

With increasing confidence in market economies and new policies on private capital and resources, many developing countries are beginning to adapt to developments with the support of the World Bank and other international institutions involved in research and development. Globalization also offers new opportunities for developing countries. Greater access to markets in developed countries and the transfer of technology will increase their productivity and demand.

At the same time, Globalization has created challenges such as increasing inequality between and within countries, instability of financial markets and environmental degradation. Globalization is an interesting exhibition that can also be seen as a system of competition and international relations. This has created intense competition between countries and international companies.

4. What do you mean by Globalization?

Globalization means the integration of economies and societies through the flow of information, ideas, technology, goods, services, capital, finance, and people. The true meaning of Globalization in a broad sense is a connectedness in all areas of human life. It is the process by which other companies or organizations enhance their international reputation or start operating internationally. Globalization has its own benefits and drawbacks. We can learn more about Globalization and how to write an essay on it in detail on the Vedantu website, which has all the necessary materials that students need in order to write an essay on Globalization.

5. How can Globalization help India improve its economic situation?

In our present times, Globalization has been a boon to many people as it not only allows companies to expand their business but also makes things accessible for everyone. In a simple sense, we can say that it helps in connecting people with the world. Globalization has created many job opportunities in India through the creation of multinational companies. Policies of liberalization and privatization have encouraged foreign traders to trade with India. This has increased the number of people, money, materials, labor, technology and so on—inflows from abroad to India. People have access to foreign brands and the standard of living has improved significantly.

6. How does Globalization threaten domestic producers?

Domestic producers are afraid of marginalization and due to the entry of foreign and better quality products into the market. Globalization can be associated with increasing income and wealth inequality. Many of the world's poorest people lack access to basic technologies and public goods. They are excluded from treatment. Some critics of globalization point to the loss of economic and cultural diversity as international multinational giants and brands dominate domestic markets in many countries. Globalization can hinder competition if international companies with dominant brands and high technology gain a foothold in key markets, be it telecommunications, the automotive industry, and so on.

7. What are the main industries that have grown tremendously because of Globalization?

The integration of national economies into the global economy is one of the most important developments of the last century. This process of integration, often referred to as Globalization, has manifested itself in a tremendous increase in cross-border trade.

The outsourcing business has grown exponentially due to Globalization. The main industries resulting from Globalization are trade and commerce. Automobile companies, clothing manufacturers and transportation, are the three main industries taken over as a result of Globalization.

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Globalization Essay | Essay on Globalization for Students and Children in English

Globalization Essay: This clarion call by Swami Vivekananda resonates with relevance, for citizens and leaders of this nation, reminding them of the momentous occasion in the journey. The ‘tryst with destiny’ has reached a critical junction.

“Arise, awake and stop not till the goal is reached.”

We as a nation have arrived on the global stage. Though the journey had its share of hardships and pitfalls,’we managed to emerge with elan. And now is the time to showcase our strength, through confidence in dealing with global institutions, putting the haunting imageries of imperialism to deepest of graves.

You can read more Essay Writing about articles, events, people, sports, technology many more.

Long and Short Essays on Globalization for Students and Kids in English

If you are searching for a well-written Globalization Essay in English, then this article provides you with two types of content, a 600 words long Essay on Globalization and another 200-word short Globalization Essay in English. These essays can be used by school children, students and teachers for various activities in schools and colleges.

Long Essay on Globalization 600 Words in English

Long Essay on Globalization is usually given to classes 7, 8, 9, and 10.

Imperialism was a curse on our nation sapping our diversity and richness in all possible ways. It left us economically hollows, politically fragile and morally impoverished. It was a burden. The scars of which, left a deep impact on the fabric of Indian society. The recovery took time but the prolonged process of recovery has ensured that it is sustainable.

As an independent nation, dealing with myriad of problems illiteracy, malnutrition, lack of infrastructure India chose to do its own experiments and learn from them. We evolved, nurturing the sectors of our economy, till we had the confidence to open up and compete. India built its strength and rode through the era of ‘Hindu growth rate’ before opening up our economy to winds of globalization.

Discarding the ‘frog in the well’ mentality, India decided to face the global forces face on. A bold step in realm of economics was about to usher in a revolution in the history of the nation. The forces of global integration touched all spheres of human existence social, cultural, political.

The era of protectionism gave way to era of competition. Both the lethargy stuffed public sector and the nurtured small scale industries faced the heat of competition under the new industrial policy. Competition, though uneven, was call of the day. With adequate support from the government, began a reform a movement to drive in efficiency and strength into the Indian industries. Globalization exposed our firms to cutting-edge technologies and methodologies for adoption.

The global forces struck back the fear of British industries, which sapped our raw materials and ruined our cottage industries. Fears of neo-imperialism are not misplaced. However, the context has changed. The playground is different and the turf is to our favour. The availability of less costly foreign goods might hamper certain industries but it is here that the democracy unleashes its strength, through a government committed to protect the interest of its citizens. Imperialism had a political backing which radiated exploitation of colonies but now the rules are ours. As a sovereign nation, the market forces are not dictated upon but regulated enough to ensure equity.

The global presence has strengthened the role of governance, which has rolled back from some sectors to allow market to serve people better, but not vanished from these arenas. Through efficient regulation, it ensures the ethos of socialism is not diluted. Consumerism, a by-product of global forces, may accentuate the class cleavage but the state ensures that the growth is inclusive by adequate intervention.

Globalization also presents us with opportunities to display our strengths on the global arena. The inequity in distribution of resources led to the emergence of strength based economies. As the societies evolved and barter of commodities proved insufficient to meet needs of all, an organized manner of trade began. Soon, the need to have a platform for negotiations and dispute resolution arose and the birth of World Trade Organization (WTO) arranged. Global trade was better regulated to prevent distributions and exploitation of weaker by dominant.

Trade has become the backbone of present day growth and prosperity of nations playing a crucial role in maintaining the foreign reserves and in fulfilling the deficient resource; it has multifarious impact on the destiny of the nation. However, the arena of trade is also one of incessant negotiations and discussions as our nation wishes to gain. The conflict assumes giant dimensions when the issue is not quantum of gain, but rather a profit-livelihood tussle.

WTO as a democratic platform has provided an arena for developed and developing nations to settle the long stretched issue, the infamous Doha round. The high agricultural and export subsidies provided by developed nations, make their products cheaper, than the cost intensive products by the developing nations. This tilts the scale in favour of the cash rich nations even in agriculture – the mainstay for the developing nations like ours. To prevent the onslaught of these subsidized products to our markets, the high tariff rates stand justified.

The WTO stand-off and other similar negotiations have offered a platform to put forward and be resolute upon our demands, even in face of pressure. For nation like ours, it is the matter of livelihood of millions of farmers, involved in subsistence agricultural and it cannot be sacrificed at the altar of global trade. The resolute unflinching stand is a reflection of‘our’ commitment to the welfare of‘our’ farmers; a reflection of holding ground against winds of globalization; an indication of our arrival on global front.

The pressures brought by globalization may appear to be imperialistic, but rather they are modern day challenges for the society and governance. This is an age of ‘global village’, where challenges will be multidimensional, but they can be squeezed to our favour by skill in dealing with them. The integration of society exposed us to different cultures lifestyles, food, music and dances of the world. This may attain imperialistic contours, once we start a blatant imitation of these aspects. They all evolved in a society and reflect the traits of those societies. And also is the diverse treasure of our music, food, dances. The need is to recognize and value our strengths, than be overawed by anything foreign.

British imperialism could wreck our culture by eliminating the patronage it received. It could threaten the integrity as the concept of nation had not evolved. A tumultuous freedom struggle and sixty years of independent nationhood has given us an immense confidence as a nation-with no fears of disintegration and subjugation. Neo-imperialism should not even have strength to raise an eye against the mighty strength that India, as a nation possesses.

The global donations for various social issues and governance matters often have an economic undertaking. They often enforce ‘democracy’ as an instmment to fulfill the latent economic aims. The prescription is parochial and through tinted glasses they fail to value the local conditions. ‘Unique situations demand unique solutions’. Solutions which are home grown, which reflect local wisdoms and skills to handle the problem. The governance should step up to promote such culture of decentralized decision making units, rather than implanting a dictated plan. The forces of globalization must be handled and their arena defined, upholding holistic growth as a priority.

The forces generated by our global integration should propel our growth story. Through mergers and acquisitions, our businesses can play a better role in global domain. Global technology can help unlock our resources for regional development. Whether as collaborations to set up Public Sector Units or the recent oil exploration in Banner by Cairns, the positivity of global strength must be tapped.

The assistance by Japanese in cleaning plan for Yamuna, the collaboration with Koreans for Delhi Metro or the active role played by civil society organizations like Greenpeace have highlighted a positive and confident approach to handle foreign funds and agencies. An era of neo-imperialism may fail to dawn if the strength of nation is adequate to thwart any such design. In profit oriented dealings of the day, genuine welfare may be a rarity.

Short Essay on Globalization 150 Words in English

Short Essay on Globalization is usually given to classes 1, 2, 3, 4, 5, and 6.

Global forces will seek profit, but to curb this need from metamorphosing into greed, the role of state is crucial. The state must remain true to its commitments towards citizen and use platforms like WTO for better gains on basis of strength of economy.

As a potential superpower, India should exude such confidence and dispel any aspersions about neo-imperialism arresting its success. A “glocal” approach is the call of the day, where the vision is global but approaches local. Such small steps will build capacity of the country to overcome internal challenges and resist global pressures.’Globalization presents opportunities. It is like an orchard, where fruits abound and can be gathered by tiptoeing around the thorns. The vehicle of globalization should be used to create the destination of Gandhian Swaraj and ensure rise of one and all.

Home / Essay Samples / Social Issues / Globalization / The Effects of Globalization: A Comprehensive Analysis

The Effects of Globalization: A Comprehensive Analysis

Category: Economics , Social Issues
Topic: Globalization , Indian Economy

Pages: 3 (1463 words)

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History of Globalization

Features of globalization.

It leads to greater interaction between different populations in social terms.
Culturally, globalization represents the exchange of ideas, values and artistic expression between cultures and even a trend towards the development of a single world culture.
Globalization has paid political attention to intergovernmental organizations such as the United Nations and the World Trade Organization.
Legally, globalization has changed the creation and enforcement of international law.

Factors That Led to Globalization

Globalization on the example of indian economy.

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