What Is the Meaning of Globalization? Globalization in lay man’s language means a type of trade and development of the whole world in which transfer of information is taking place mainly due to trading.
There is also a widely asked question why does globalization even takes place?
The answer for this is that it help in cheap trading it helps in transferring the ideas and culture from one country to another.
Then again a question arises that why do developed countries take part in globalization?
The answer for this will be that even some underdeveloped countries have special properties like in olden days INDIA was famous for his spices and many types of precious stone ( if you are a Indian share this ) and we can even say that today most of the developed countries are developed today just due to the globalization.
As if we see the statistics we found that from 1886-1996 there was an increase of 260% in trading which clearly shows how much countries and even big companies are involved in globalization.
Another question that is very frequent is that why should we study globalization?
We should study globalization because it helps us know about how your country is at that position today and how much globalization has work for it.
Many global leaders such as America, China , Britain ,etc today are superpowers just due due to mastring the way to trade.
The economic boom in china is that has affected trade of many countries is due to the globalization.China has matered the way to buil products annd find the consumers for them to sell it.
IS EVERYTHING GOOD ABOUT GLOBALIZATION ?
Everything is not good about globalization anyone who is copying to follow how developed countries have worked is facing many environmental problems as stated above the industrialization is china has boomed there trading but has bad effects too.There is severe amount of increase in pollution and people in china are suffering from many diseases.
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