Meaning of Globalisation - Global Environment, Business Environment Video Lecture | Business Environment - B Com

so first let us talk about what does
globalization means globalization means
integrating domestic economy with the
world economy it is like a word where
there are no trade barriers if you want
to do business in u.s. you can do it or
if I US businessman wants to do business
in India he can do it that is what the
term globalization means but actually it
is a state which is very difficult to
achieve because one every economy is a
kind of protectionist they have they do
have certain restrictions so it is not
easy for a foreign investor to come and
open a business in another country
second it is also very important to
protect your own industry or your own
economy from the foreign carlin because
if you are not developed enough if your
economy or your market is not strong
enough then foreign market will capture
your market and that is also not going
to be good for your industry so when we
talk about globalization it should be
done in a measured way globalization
means the interaction amongst the
national economy different economies of
the world that increases there are
financial markets are interlinked with
each other it is we all know there is a
crisis in Europe it does have an impact
on the Indian market also but since we
are a regulated market we are the RBI
still has a lot of regulation and
control we are not in fact the in fact
is not that stronger but if it there
will be a condition of globalization if
it will be an open market then the
impact will give tilt or with all the
more strength
so mobilization means integrating your
economy with the world economy where the
systems are also linked with each other
there is free flow of technology there
is free flow of capital there is factor
mobility then your labor can move easily
to the foreign country or the foreign
country the labor or the technology or
the other factors of production they can
move easily to a country it is actually
means the aim is that you can produce
wherever you can
the best possible way the production to
take place then the economies can be
utilized to the best extent to the
maximum extent so you can manufacture
the purposes to manufacture in the most
cost effective way anywhere in the world
in India it means opening up of that
economy to be more liberal to be more
acceptable to the foreign market but
since we are not very strong financially
we need to have a level playing field
first before inviting the foreign
investors to come and capture a market
we need to be strong enough ourselves so
globalization actually means integrating
with the boiled egg on