What Is Globalization?

What is globalization?

Globalization is to through trade liberalization, greater movement of people, goods, services, capital and ideas due to increased economic integration of each country which in turn is propelled by increased investment and trade. The goal of globalization is to provide organizations a greater competitive position with lower operating costs, to gain higher numbers of products, services and consumers.

With advances in new technology and a reduction of barriers means the speed and method of exchange are much faster and easily. Communication networks (internet, e-mail, mobile phones and media) have all sped up the process of globalization. These have increased the spread and speed of communication to the world.

A border concept was disappeared in consuming market of the world and begins the globalization. Globalization to take national interests and growth of economy into account, yet they should not ignore moral justifications behind peace keeping efforts. For the improvement of national competitiveness, each nation need to construct global manufacturing framework using intelligent agent under distributed resources. Also, they have to make products or services in standardization of international. Only such a country can enter the global market and survive in the world market.

A globalization presents opportunities to government business to forge a more effective partnership. Through alliance with other country, it can transfer high technology and improved productivity and higher living standard. Also it can reduce poverty for any country. Therefore globalization is clearly the phenomenon of economic with substantive. India has reduced poverty rate in half in the past 20 years. China has reduced the number of rural poor.

China is centre of Asia and shaking the world mightily. China trades massive export of cheap consumer goods with a better price in the world market. Therefore they have driven up global commodity prices. They have a far better record than India in growth for the benefit of the poor. That is because it has liberalised trade and FDI faster and wider, retained flexible labour markets, rolled out infrastructure and generally exploited its comparative advantage in labour-intensive production. China has loosened some controls on foreign currency flow and investments abroad. China was aware their strengths and change their policies. As a result, cheaper imports also make a wider range of products accessible to more people and, through competition, can help promote efficiency and productivity. So they can invest opportunities for international expansion.

Australia is a typical example of a country has benefited from globalization in terms of exports. Australia has been involved investment, trade, financial flows, technology transfer and the migration of labour. Australia exports wool, wheat and minerals to the world