Globalization may be a late-twentieth-century international phenomenon during which global investment, employment, manufacturing, and marketing systems have moved beyond national borders into the international arena. As a result, the planet has become a ubiquitous social phenomenon, with different countries participating in the same process of uniform investment, employment, production, and marketing at an equivalent time. Positive Aspects of Globalization
Positive Aspects of Globalization
Technology Transfer
Technology transfer around the world is useful to us. And put it to use in their own country for overall growth. we will easily speak with one another from anywhere on the earth utilising advanced technology at a coffee cost, time, and energy.
Improved Services
We always recover services as a result of globalisation. the water system, mobile networking, the internet, electricity supply, and other services have all become easier and better as a result of technological innovation. Globalization, by the way, has also resulted in simple access to the web all around the world.
Living Standards Standardization
Integration of economies, as an important component of globalisation, enables countries to combat poverty and lift people’s living standards.
According to many studies, when a rustic exposes its trade to the remainder of the planet , its rate of economic process accelerates and living standards rise.
Infrastructure Development
The growth of technology and its dissemination over the planet has aided in the improvement of a country’s infrastructure. Countries are better ready to provide services to their citizens. Infrastructure development may be a reflection of a country’s overall progress.
Economic Development
Globalization implies the foremost efficient use of resources, with surplus resources being exported to other countries and deficiency resources being acquired. This ensures that the economy as an entire grows.
Affordable goods
With access to cutting-edge technology, countries may offer things to their citizens at reasonable prices. Domestic economies are getting more competitive as a result of globalisation. This is the reason corporations are lowering product prices or employing penetration pricing strategies.
