What is Globalisation?
Globalization is a multifaceted process of increasing interconnectedness and integration among countries across economic, cultural, political, and technological dimensions. It involves the exchange of goods, services, capital, information, and ideas on a global scale, facilitated by advancements in communication and transportation technologies. Globalization fosters economic growth, innovation, and access to international markets, while also promoting cultural exchange and cooperation among nations. However, it can also lead to challenges such as income inequality, environmental degradation, and cultural homogenization, requiring careful management and regulation.
What is Globalisation? Class-10 Economics Notes
Globalization is the process of increasing interconnectedness and interdependence among nations worldwide. It involves the exchange of goods, services, capital, technology, and ideas across borders. Multinational corporations play a significant role in driving globalization through their global operations and investments. Technological advancements, particularly in communication and transportation, have accelerated this process. Globalization has positive and negative impacts globally on economies, societies, and cultures.
In this article, we will look into the meaning of globalisation, the factors enabling globalization and the impact of liberalization in detail. It is an important concept of Class 10 Economics. o through this article To get comprehensive notes on “What is Globalisation?” go through with this article.
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