GLOBALISATION

            Globalisation is the process of growing, developing and expanding the business,services or technologies all through the world. It is the expansion of various businesses to the global market through out the world.

                It requires huge international investment to develop large multinational corporations for worldwide economic integration.It is to increase the connectivity and interdependence of the businesses in the worldwide markets. In the last few decades , globalisation has taken the form of technological advancement which resulted in easier travel, communication, and other businesses on international level for the people.On one hand, where globalisation has made easy access of technologies to the people, it has also decreased the opportunity of success by increasing competition. 

                     Thus the process of globalisation stimulates the rise of international business activities and may even stimulates the economic growth. However in a longrun perspective, globalisation has rather negative than positive effect.

                                                                   SONIYA VAVACHAN

                                                                            3029