In the present age, globalization is playing an increasingly important role in our lives. But in the meantime whether it is a blessing or a curse has sparked a heated debate. Some people argue that globalization has a fundamentally beneficial influence on our lives, while many others contend that it has a detrimental effect as well.
Three positive impacts resulting from globalization is more jobs, innovation and the company will strengthen the local economy. The host country and the home country of the organization benefits.
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The effect of globalization in India is very high. The imports and exports are highly increased. Globalization highly helpful for the evolution of new technology.
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Historical globalization has been both positive and negative, depending on a person's opinion.
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Three positive impacts resulting from globalization is more jobs, innovation and the company will strengthen the local economy. The host country and the home country of the organization benefits.
There are a number of positive effects of globalization on Indian industries. There is increased market demand, more jobs have been created and more production is achieved among others.
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Globalization impacts management across borders in a positive manner. There serves as a platform of exchanging management ideas across the borders.
People have been exposed to new ideas and technologies.
Globalization is positive for the devolepd countries where they can have new markets but not for the poor countries. Because the markets for poor countries flooded with cheap products where local producers unable to sell their local products which will have negative impact on the local economy.
Globalization has positive aspects such as increased trade, cultural exchange, and technological advancements. These benefits can lead to economic growth, job creation, and access to new markets for countries and industries. However, globalization can also create challenges such as income inequality and cultural homogenization. Different countries and industries may experience varying impacts of globalization depending on their level of development and ability to adapt to global trends.
Globalization refers to international integration mainly for business purposes. This mainly has a positive effect on agriculture since farmers have ready markets across the globe to sell their produce.