Why is globalisation important?

Answer 1

Globalisation is when countries become more interlinked, economically, socially and politically.

- Trans-National Corporations are important in this process. These can provide employment in countries (such as call centers in India). They can also improve infrastructure (such as roads) in these countries. This may aid the development of the country.

- understand other cultures better

- discuss global issues, such as climate change, together

- technology which can improve lives becomes available to more people

- the process has involved the development of new trade routes

- inflation is less likely to occur at a rapid rate due to competition on the market

Answer 2

Globalization is important because it allows for increased connectivity and interdependence between countries, promoting economic growth, cultural exchange, and technological advancements. It opens up markets, fosters innovation, and creates opportunities for collaboration on global challenges such as climate change and poverty. Globalization also encourages diversity and understanding among different cultures and societies.