Thursday, February 19, 2009

Globalisation

What is globalisation?
It is a new world order in which there is more cross border economic and socio-cultural exchange which leads the integration of the whole world as known as the "Global World."Words with the prefix of global- is widely and commonly used at present and it seems to be a fashionable word as global economy, global economic crisis, global fahion, global community,global climate change, global market, global village so on and so foth..This has been made possible by the interaction and cooperation among various Governments on one hand,the changed market policies and the revolution in the communication around the world, on the other. Sattelite networking and instaneous communication over the internet, the world wide web etc. are technologies that are promoting this phenomenon getting the world close and closer the whole world as global community.