Major Causes of

Introduction Globalisation
brief on Globalisation
Globalisation is the
From ancient times,
()Technology-Improv
flow of ldeas, Capital, ed & faster means of
humans have looked
Commodities,technol communication and
for places to settle,
ogy, knowledge and
produce and transportation (i)
Information around exchange goods Interconnectedness
the Globe which have with the rest of the
These flows has continuously world due to
taken place through improved with availability of
out human history technology and
transportation. In the
improved
But now the flow is
19th century, global communication.
more quick and wider, (ii) Disintegration of
interaction between
the connectivity has countries started USSR and promotion
increased because of developing in Europe. of Western Liberal
development in capitalist ideology in
communication The first wave of a unipolar world.
globalisation was the
technology. (iv) Role of
building of
International
Advantages steamships, railroads
Employment:The and telegraphs.
institutions like the
establishment of
special economic Another aspect of IMF, World Bank and
zones has increased globalisation was the WTO in integrating
the number of jobs increased economic their economics with
available. There are
cooperation between the market-oriented
export processing
units established all the countries.
world economy.
Over the world, which
In the 1940s, the (v)Ability of people,
have helped employ
thousands of people.
Themultinational
United States started ideas, capital and
the efforts of reviving commodities to move
companies of the
west have been
international trade easily from one point
providing employment and investment. This of the world to other.
opportunities to the happened with the
people by outsourcing help of negotiation of
employees. ground rules by
Compensation: There
has been an increase nations, which led to Conclusion
Globalisation has
in the level and the second wave of
amount of payment globalisation which is Occurred in earlier
compared to the
domestic companies.
still ongoing. period in history In
The main reason for different parts of
this is that domestic Globalisation is
or home companies known by other world
lack skill and names too. Some of It is the integration of
knowledge compared the globalisation
to multinational a of economy of a
synonyms are
.

companies. An
country in process of
increase in proliferation,
compensation is development, and free flow of trade &
in
leading to changes growth. The effects of capital.
the management
structure of the globalisation have t increases the
companies too.
been immense on the
world economy.
volume of trade in
Standard of Living:
With the emergence
of globalisation, there
goods& services,
Globalisation as a
has been a change in creates new jobs,
process has made
people's standard of strengthens domestic
living. The difference countries significantly
in the purchasing succeed after its economies, improves
behaviour of people
has increased the
initiation and productive efficiency,
implementation.
standards of living of etc
people.