What are the advantages of Globalisation?
Following are some of the advantages of Globalisation:
- Globalisation helps for free flow of capital from one country to other.
- Globalisation helps for flow of technology from advanced countries to developed countries.
- Free flow of capital along with technology enable the developing countries to boost up industrialization in their countries.
- Globalisation of production leads to spread up of manufacturing facilities in all the globe countries depending upon locational and various favourable production factors.
- Developing countries industrialise their economies leading to balanced development of all the countries.
- Products with high quality and lower price is available in the market due to globalization.
- There is increase in employment and income and high standard of Living.
- There is increase in the welfare of nations and prosperity of the world countries.