Globalization is interaction among the people, companies and governments of different countries, a process driven by international business and investment by the help of information technology.
Advantages of Globalization:
1. Globalization opens borders between different nations and increases
knowledge of differences between them.
2. Globalization provides opportunity to poor nations by the help of infusion of money and technology.
3. Globalization can offer a global market to all the people by providing similar platform for earning.
4. Globalization provides opportunity to people to travel different nations.
5. Globalization increases opportunity for the companies to contact with
different type of consumers and their demand.
6. Globalization enhances opportunity for the banks and different agencies.
Impacts of Globalization on the environment:
1. Due to Globalization, rise in pollution level occurs by increasing amount of fuel that is consumed in transporting different products.
2. Almost in all the parts of the world, mountains are being cut to make ways for a passing in the form of tunnels or highways. Barren lands have been encroached for new buildings.
3. It has been observed that due to Globalization, use of plastic is continuously increasing and plastic 'a non-biodegradable product is one of the major toxic pollutants.
4. Due to Globalization so many changes occur in our lifestyle and the related environment but reverse of these is not possible.
