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The importances of globalization are as follows:-

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  Globalization leads to expansion of markets and this enable organization to
make proper use of available resources.

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 No country is self sufficient and every country depends upon other country.
Globalization has solved this problem and people can have better choice to satisfy their need.

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  Globalization encourage exports and discourage imports. This help to earn „


.

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   Globalization helps to provide employment to a large number of people.

Multinational companies such as Ô





Outsource popularly known as Call centre employs
and appoint a large number of personnel with high pay scale and other benefits.

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 Government also provides various incentives in |


, custom duties, pre-
shipment finance, post shipment finance and many more. This is done to encourage globalization.

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 Technology is the latest and fruitful outcome of globalization. It is the best even gift.
Technologies not only increase efficiently but the organization and everyone having a little knowledge
can update one and can stand by world. Globalization not only enables competition but also very much
helpful for profit of maximization.

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 !
" Business thy name is risk. There may be different types of losses in every
business. Various losses which may be in domestic market can be easily compensated from international
market.

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  Globalization encourages free and fair competition at world level. Due to
this, organizations try to supply quality goods and that also at a reduced price. This benefits consumers.

Globalization is the comprehensive term for the emergence of a global society in which economic,
political, environmental, and cultural events in one part of the world quickly come to have significance
for people in other parts of the world. Globalization tells us about the growing economic, political,
technological, and cultural connections that connect individuals, communities, businesses, and
governments around the world. Globalization also involves the growth of multinational corporations
(businesses that have operations or investments in many countries) and transnational corporations
(businesses that see themselves functioning in a global marketplace). The international institutions that
oversee world trade and finance play an increasingly important role in this era of globalization.

Causes of globalization:

The three major components of international market integration: trade, multinational production, and
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Advances in communication, transportation, and „

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The main positive effect of globalization:

Globalization has opened up broader  

|  lines and brought more  

as well as
different worldwide organizations into other countries. This provides opportunities for not only
workingmen, but also women, who are becoming a larger part of the workforce. With new jobs for
women, there are opportunities for higher pay, which raises self-confidence and brings about
independence. Also the positive effects are a sharing of basic knowledge, technology, 
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,
resources, and ethical values.

The main negative effect of globalization:

The main negative effect of globalization is that it's not an equal process, and often the link is only one
way, ex. resources going out of Iraq, India ect, with nothing of equal value going back in. Also the
negative effects are the rapid spread of diseases, illicit drugs, crime, terrorism, and uncontrolled
migration