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    Arya dmbs

    Uploaded by

    chakki118251
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    1 views10 pages

    Arya dmbs

    Uploaded by

    chakki118251

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    Globalisation

    🔷Advantages 🔷Disadvantages
    🔷Mearsures of Globalization
    Advantages of Globalisation

    • Consumers get wider range of products and


    services.
    • Increased flow of investments from developed
    Countries to developing countries, which can be
    used for
    Economic development.
    • Increased flow of information between countries
    and
    Greater cultural interaction which helps to
    overcome
    cultural barriers.
    • Flow of advanced technology and alied services
    from
    Other nations.
    • Obtain the services of highly skilled and expert
    • Generation of numerous employment opportunities.
    • Aided the population is the spread of education.
    • Enhancing the quality of product.
    • Cheaper price of product.
    • Free movement of capital.
    • Transportation-one can deliver the product to a
    Customer located at any part of the world.
    • Effective Communication –accesible from almost
    Every nook and corner of the world.
    • International Trade.
    • Increasing of GDP
    Disadvantages of Globalisation
    • Developed and wealthy nations get
    Economic advantage over developing
    nations as a result of globalization.
    Poor nations have depend on rich
    nations for technology and
    Infrastructure development.
    • It may lead high increase in import
    because no nation is self sufficient in
    all resources. This results in an
    unfavourable position of balance of
    trade.
    • Globalization will give free entry to foreign goods
    and services. This will destroy traditional
    domestic trade and industry.

    • It poses sevaral threats to agriculture and


    Agricultural products of developing and under
    developed country.

    • Free trade of products, services and information


    across nations may damage culture and tradition
    of societies.

    • Globalization may give rise to many ecological


    issue as a result of Extensive business
    operations worldwide. Some of the ecological
    issues are global warming, deforestation,
    exploitation etc.
    • Health issues like HIV

    • Disparity in the development of the economies.

    • Opening door of international trade has given


    birth to intense competition .

    • Developed countries are trying to be the


    supreme power, it may arise conflicts.

    • Monopoly –only one seller has a say in a


    particular product or products, it is possible
    that when a product is the leader in its field, the
    company may begin to exploit the consumers.
    Measures of Globalisation in India

    • Devaluation – The government announced


    devaluation of Indian currency by 18-19 percent
    against major currencies in the international
    foreign exchange market.

    • Allowing Foreign Direct Investment –The


    government followed a policy of liberalization in
    allowing foreign direct investment in the
    country. Allowing FDI inflows was a major step
    of globalisation .The important sectors opened
    for FDI are insurance(up to 26%), development
    of ownships(up to 100%);defense industry (up
    to 26%), tea plantation (up to 100%), private
    sector banking (100%)etc.
    • The removal of quantitative restrictions on
    imports –Quantity limits imposed were
    withdrawn so as to increase imports from other
    countries.

    • The reduction of customs tariff- Customs tariff


    were reduced to encourage imports and exports.

    • NRI scheme –The facilities which were offered to


    foreign investors were also given to Non
    Resident Indians. Government has extended
    some concession
    • S fir NRIs and overseas corporate bodies having
    more than 60% stake by NRIs.

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