Do you understand globalisation ?

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The term globalisation is very much in use now a days. There are two opposite sets of opinions , one set in favour and the other dead against it . I have read some articles on it , but understood very little . May be , people like us who are just living out the life within a limited means as well as with little aspiration for higher standard of living are rarely touched by such factors as globalisation . Whatever be the reason I don't follow the term GLOBALISATION . On your part what do you understand of it ?