Types of globalization

Meaning and Types of globalization by: Sugeetha Lakshmi

1. Name : N.Sugeetha Lakshmi Roll No :ps6052 L.M . Maha Lakshmi MBA., Submitted to:

2. GLOBALISATION

3. G l ob a l i s at ion defini t ion ‐ Globalization is the process of interaction and integration among people, companies, and governments 18 th worldwide. Globalization has accelerated since the century due to advances transportation and communication technology. This increase in global interaction has caused a growth in international trade and the exchange of ideas, beliefs, and culture. globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. International diplomacy are also large parts of the history of globalization, and of modern globalization.

4. Types of Globalization Financial globalization Economic globalization Cultural globalization Political globalization Technological globalization Geographic globalization Sociological globalization Ecological globalization

5. A d va n ta g es of gl ob al is a t ion Wider Markets: A wide market is a market with considerable profit margins or a wide spread . In the world of investments, a wide market is one where there is a relatively large spread between bid and offer prices on some investment products .

6. Greater specialisation In a globalized economy, countries specialize in the products and services they have a competitive advantage in . This generally means what they can produce and provide most efficiently, with the least amount of resources, at a lower cost than competing nations.

7. Rapid industrialization is important for creating employment opportunities, promotion of education, training and research . It improves labour productivity and balanced regional development. Industrial growth brings a rapid increase in the national income of the country. Rapid industrialisation

8. Price stabilisation Price stability is the condition in which the domestic currency retains its purchasing power by maintaining low and stable inflation as measured by the Consumer Price Index over the medium term (from 3 to 5 years). Price stability does not imply that prices do not change; it means that prices grow at a moderate pace .

9. Competitive gains To gain and maintain a competitive advantage, an organization must be able to demonstrate a greater comparative or differential value than its competitors and convey that information to its desired target market .

10. Higher production Globalisation is the process by which business organisations develop international influence and work hand in hand to operate on international scale. This resulted in interchanging of products, ideas, views and aspects of culture between different countries.

11. THANK Y O U . 10