The Concept of Globalisation is a subpart of the Class 12 Political Science chapter 7 which is entitled Globalisation. Globalization is a term mainly used to describe how trade and technology made the world more connected in the context of the world’s economics, cultures, and populations. In simple words, Globalisation is a concept that fundamentally deals with flows. These flows can be based on different ideas like moving from one corner to another of the world, the trading process of different commodities, and much more. Globalization helps people or resources to come together and cooperate in different aspects. 

In this article, we are going to discuss “The Concept of Globalisation” in detail from Class 12 Political Science Chapter 7 i.e. Globalisation.

Concept Of Globalisation – Overview

The Concept of Globalisation talks about the flow of ideas, capital, people, and different commodities in the form of resources. This flow generally happens from one part of the world to another as the Concept of Globalisation is multi-dimensional. The concept of globalization is not only attached to the resource flow across borders but it has so many political, cultural, and economic aspects that must be distinguished. The major aspect of globalization is to maintain the interconnectedness that can be created and sustained as a constant flow of consequences. 

Globalization increases the trade volume of different goods and services which can be regulated by foreign capital, foreign direct investment into a country, the creation of new opportunities in the job sector, a strong domestic economy, and improvement in the efficiency of productivity. These factors lead to healthy competition between different countries. It is not needed that the effects will be always positive, sometimes it can come with some negative consequences.

Concept of Globalisation – Positive and Negative Consequences

In real life, the term “globalization” is a broad concept that can be used in various contexts. There are some positive and negative consequences of it. Let us discuss some notable examples as mentioned below. 

• In the last decades, so many farmers have committed suicide due to their failure to produce crops. These incidents happened because they bought seeds from a multinational company where the seed value was too high. 
• An Indian company acquired their rival company which was based in Europe. Though so many owners protested about this decision.
• Some retail shopkeepers live in fear that they can lose their livelihoods to international companies and their product’s retail chain system.
• Globalization may have some bad effects on the entertainment sector. A few days ago, a film producer was accused of lifting the same story that was already created in Hollywood. 
• Globalization also affects women’s safety a few days ago, a group of militants stated threatening girls who wear western dresses.  

Conclusion

Globalization is a broad concept that can not be happened due to a single factor. The concept of Globalisation is a multi-dimensional concept that is not only attached to the resource flow across borders but it has so many political, cultural, and economic aspects that must be distinguished. The Concept of Globalisation gives us a view of the concept with some positive and negative consequences of it. In this article, we have discussed the Class 12 Political Science Chapter 7 subpart The Concept of Globalisation in detail.

Also Read:

• Globalisation
• Pros and Cons of Globalization
• Impact of Globalization on India
• The Struggle for a Fair Globalization
• Essay on Globalisation and Development for Students
• End of Bretton Woods and the Beginning of ‘Globalisation’
• India and Globalisation| Class 12 Political Science Notes

The Concept of Globalisation- FAQs

What do you mean by globalisation?

Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross border trade in goods and services, technology, and flows of investment, people, and information.

What is the significance of globalization?

Globalization changes the way nations, businesses and people interact. Specifically, it changes the nature of international economic activity, expanding trade, opening global supply chains and providing access to natural resources and labor markets.

What is globalisation and its features?

Globalisation enables the coming together of individuals, corporations and resources from different countries. The unique characteristics of globalisation have allowed people with diverse backgrounds to interact freely.

What is the aim of globalisation?

The main goals of globalisation are: Increase international trade between countries. Improve status of underdeveloped countries. Increase the cultural relations among countries.

What is globalization and examples?

Globalization can be defined as the stretching of economic, political, and social relationships in space and time. A manufacturer assembling a product for a distant market, a country submitting to international law, and a language adopting a foreign loanword are all examples of globalization.

Is globalisation good or bad?

Globalization is economically facilitated by free trade agreements, which permit barrier-free imports and exports across borders.

When did globalisation start?

“First globalization” is a phrase used by economists to describe the world’s first major period of globalization of trade and finance, which took place between 1870 and 1914. The “second globalization” began in 1944 and ended in 1971. This led to the third era of globalization, which began in 1989 and continues today.

Is globalisation good for India?

After 2003, the cumulative impact of years of reform and globalization helped Indian GDP to average more than 7 percent annually, making India a “miracle” economy. Per capita income rose from $304 in 1991 to an estimated $2,600 in 2023.