globalisation

Tweet

Globalisation is a very commonly used term. Globalisation prevailed from the early 15 or 17th century . World is a store house of various treasures. But all the treasures are not in the one place . Many valuable things are scattered around different countries of the world. So to make a valuable thing in demand in one country be made available from a country ,which has abundance of that thing the term globalisation comes to play. The word globalisation connotes where all the nation join their hands and create a kind of synergy to do business or any commercial ,cultural or educational activities in which every participant nation will be the beneficiary. Globalisation in a nutshell is one for all and all for none. The purpose of globalisation is to open portals for each and every nation in different fields. A nation can buy from any nation and sell to any nation. Globalisation can result in the foreign direct investment for joint ventures in both commercial and industrial sectors.