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C&PS Assignment 6
C&PS Assignment 6
SEM - 4 SEC – A
Niharika – 015
Sai kumar – 029
Vishal – 038
Greeshma – 039
Humera – 040
What is globalization
The four main areas of drivers for globalization are market, government; cost and
competition.
These external drivers affect the main conditions for the potential of globalization
across industries, which are mainly uncontrollable by individual firms.
Market drivers include areas such as common customer needs and transferable
marketing.
Government influences with policies leading to reductions in trade barriers and a
shift towards an open market economy.
Evaluation of globalization
Globalization has increased the trade of products, ideas, technologies etc. and
created the world without boundaries but also had a negative impact on
developing countries.
Flowing with globalization India is shining in almost every aspect. India is
getting global recognition and slowly moving toward becoming a major
economic and political strength
Though development is rapid, still many basic problems like rural poverty,
corruption and political instability remains unsolved.