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Meaning
• Definition
• Globalization is the process of international integration arising from the
interchange of world views, products, ideas and other aspects of culture.
• Globalization means rapid increase in the share of economic activities taking place
across national borders.
Integration of Economy
The increasing reliance of economies on each other.
The opportunities to be able to buy and sell in any country in the world.
The opportunities for labor and capital to locate anywhere in the world.
• Migration
• Dissemination of knowledge
Dimensions of Globalization
• Economic Globalization
• Political Globalization
• Cultural Globalization
• Ideological Globalization
Reasons for Globalization
• Better resources
• Operating internationally
• Market expansion
• Increased profit
Impact of Globalization
• Positive Impacts Negative Impacts
• Increased productivity Take over of national firms