Globalisation is the process of rapid integration or interconnection between

countries. Globalization has become a significant force that affects every

aspect of our lives. The effects of globalization are visible in the way we
communicate, travel, consume, and work. As a result, the need for globally
relevant skills has become more critical than ever before. Globalization has
been on the rise since the late 20th century, driven by technological
advancements and policy changes that have enabled businesses to operate
across borders. The growth of international trade, investment, and migration
has led to increased cultural exchange and integration. Today, globalization is
seen as a driver of economic growth and development as well as a source of
social, political, and environmental challenges. As globalization continues to
expand, it has become essential for individuals and organizations to develop
globally-relevant skills. These skills enable individuals to thrive in a world that
is increasingly interconnected and diverse. Some of the globally-relevant skills
that are in high demand today include: cross-cultural communication and
collaboration, digital literacy, adaptability, global business knowledge,
creativity and critical thinking. Six key skills for globalization are evaluation,
reflection, analysis, research, collaboration and communication. The
ability to communicate effectively across cultures is essential in today's
globalized world, this is known as cross-cultural communication. Effective
cross-cultural communication skills also enable individuals to build strong
relationships with people from different backgrounds and work effectively in
international teams. Again, we have digital literacy, that enable individuals to
use technology effectively. Technology has transformed the way we live, work,
and interact with one another. The ability to adapt to new situations, work in
different cultural environments, and learn new skills quickly is known as
adaptability and is highly valued in today's globalized world. As the world
becomes more interconnected, it is essential to be adaptable and flexible. Now
comes the crucial point of business knowledge, as international trade and
investment continue to grow, it is important to have knowledge of global
business practices and policies. This includes an understanding of international
trade laws, cultural differences in business practices, and global economic
trends. Individuals who possess this knowledge are better equipped to work in
multinational corporations and navigate the complexities of the global
business environment. A multinational corporation is a company that owns or
controls production in more than one nation. MNCs set up offices and factories
for production in regions where they can get cheap labour and other
resources. This is done so that the cost of production is low and the MNCs can
earn greater profits. MNC is not only selling its finished products globally, but
more important, the goods and services are produced globally. As a result,
production is organised in increasingly complex ways. The production process
is divided into small parts and spread out across the globe. For example, for an
MNC selling electronic items, China provides the advantage of being a cheap
manufacturing location. Mexico and Eastern Europe are useful for their
closeness to the markets in the US and Europe. India has highly skilled
engineers who can understand the technical aspects of production. It also has
educated English speaking youth who can provide customer care services. For
a long time, foreign trade has been the main channel connecting countries.
Foreign trade creates an opportunity for the producers to reach beyond the
domestic markets, i.e., markets of their own countries. Producers can sell their
produce not only in markets located within the country but can also compete
in markets located in other countries of the world. Similarly, for the buyers,
import of goods produced in another country is one way of expanding the
choice of goods beyond what is domestically produced. In the last twenty
years, globalisation of the Indian economy has come a long way. Among
producers and workers, the impact of globalisation has not been uniform.
Firstly, MNCs have increased their investments in India over the past 20 years,
which means investing in India has been beneficial for them. Also, local
companies supplying raw materials to these industries have prospered.
Secondly, several of the top Indian companies have been able to benefit from
the increased competition. Moreover, globalisation has enabled some large
Indian companies to emerge as multinationals themselves. Globalisation has
also created new opportunities for companies providing services, particularly
those involving IT. People with education, skill and wealth have made the best
use of the new opportunities. On the other hand, there are many people who
have not shared the benefits. The pandemic has placed an unprecedented
burden on the world economy, healthcare, and globalization through travel,
events cancellation, employment workforce, food chain, academia, and
healthcare capacity. PVI results have shown certain countries were more
vulnerable than others. To counter effect this, fair globalisation is essential to
the community. The government can play a major role in making this possible.
Its policies must protect the interests, not only of the rich and the powerful,
but all the people in the country. If necessary, the government can use trade
and investment barriers. In the past few years we have seen, massive
campaigns and representation by people’s organisations that have influenced
important decisions relating to trade and investments at the WTO. This has
demonstrated that people also can play an important role in the struggle for
fair globalisation. The new national education policy (NEP) released by the
government of India in 2020 outlines a grand outlook for the future of
education in India. It focuses on training Indian students to be global citizens.
This policy, aligned with the 2030 Agenda for Sustainable Development, aspires
to convert India into a thriving knowledge society and leading global
information power. Global citizens are a product of global education that
empower learners to undertake active global roles, building more peaceful,
tolerant, inclusive and secure societies. By cultivating a global mind-set and
competency early on, children will develop the skills required to thrive as
global citizens who embrace diversity in all aspects of life.