Social Studies Globalisation Model Essay

Many theorists asserted that change in environment has both positive and negative aspects (Harris, 2002).

These stimulate driving or resisting forces toward the change of the status quo.

According Brinkman, 2002, globalization as a triumphalism light, as the penetration of capitalism into every corner of the world, bringing with it the possibility for all of the world's population to participate in the fruits of the international division of labour and market economy.

ALI, 2015 explained the globalization as a process of rapid economic, cultural, and institutional integration among countries.

The fervour of globalization has even enforced Governments to be tuned to the merits of a Global economy.

Management studies have defined the process of globalization.In broad sense, the term 'globalization' means combination of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people.Globalization is described by theorists as the process through which societies and economies are integrated through cross border flows of ideas, communication, technology, capital, people, finance, goods, services and information.This is most obvious relative to both globalization, and the resulting spread of the global organization.There are four factors that accelerate globalization.These international activities companies to enter new markets, to exploit their technological and organizational advantages and to reduce business costs and risks.Other theorists stated that globalization is a social phenomenon that defines the geographical boundary in terms of many different issues.Globalization has a huge impact on cultural, social, monetary, political, and communal life of countries.Abundant theoretical studies demonstrated that globalization intercedes in a cultural life of populace that raises numerous critical issues (Robertson, 1992).Effects of globalization in Indian Industry are observed as this process brought in large amounts of foreign investments into the industry especially in the BPO, pharmaceutical, petroleum, and manufacturing industries.As a result, they boosted the Indian economy quite significantly.

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