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describe the meaning of globalisation and also mentiont he steps taken in these direction

Dear Student,

Globalisation can be referred as a process  that brings about greater inter connectivity amongst the countries across the Globe through exchange of ideas, knowledge, people, flow of goods, capital , services etc. It is the phenomenon which besides having material manifestation , also has cultural, political and social connotation, It is the process that brings about world wide interconnectedness.

Globalisation is the process of rapid integration or interconnection between countries.
It refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres.

Steps to bring about globalisation have been:

a. This process is facilitated by greater connectivity, through MNC's, increased foreign investment, through international institutions like WTO, IMF etc.
 b. It is facilitated by industrial reforms like removal of trade barriers, increased privatisation etc
​ c. Globalisation is also facilitated through a policy of Liberalisation which  refers to the freedom of the economy from direct or physical controls (such as, industrial licensing, price control, import license) imposed by the government. It implies greater dependence on the market for making various economic decisions. 
d. Important step towards globalisation has been the improvement and advancements in information and technology  that has brought the World closer. The invention of the telegraph, the telephone, and the microchip has revolutionised communication between different parts of the world.
e. Technological advancements helped in expanding production of goods and services and encouraged greater trade among the nation states.Technological changes has led to increased awareness among the people, telecommunication, growth of electronic media, Internet has helped in greater exchange of ideas and beliefs among the people.

Regards


 



 

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GLOBALISATION MEANS LINKING OF MANY COUNTRIES THROUGH TRADE AND ALSO THROUGH MULTI NATIONAL CORPORATIONS THESE ARE NOT ALLOWED BY THE GOVERNMENT AT THE BEGINING SOON AFTER THE INDEPENDENCE AS THE MARKETS AND PRODUCERS ARE NOT PREPARED FOR INTERNATIONAL COMPETITION AND LEVIED MANY TRADE BARRIERS AND ONLY IMPORTED THE GOODS WHICH IT NEEDED THE MOST LIKE THE FUELS LIKE PETROLEUM AND OTHER MINERALS BUT THE GOVERNMENT OF INDIA DECIDED TO REDUCE THE TRADE BARRIERS IN 1990'S AS THEY FELT THAT IT WAS TIME FOR THE INDIAN MANUFACTURERS AND COMPANIES TO COMPETE WITH FOTREIGN GOODS AND THE GOVERNMENT GAVE MANY PROVISIONS TO THE MANUFACTURERS SO THAT THEY CAN COMPETE FOREIGN PRODUCTS AND THEY CAN PRODUCE GOODS THAT ARE OF HIGH QUALITY AND OF HIGH QUANTITY.DUE TO THIS THE INDIAN MANUFACTURERS GOT A GOOD NAME FOR THEIR PRODUCTS AND THE ECONOMY OF INDIA INCREASED AS THEY ALSO MET THE DEMANDS OF THE COUNTRY AS WELL AS THE DEMANDS OF THE FORIEGN MARKET.

HOPE THIS WILL CLEAR UR DOUBTS ALL THE BEST 4 UR EXAMS 
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