False, since industry is a western institution, it infuses the world with western culture.
How is the world interconnected in globalization?
- Globalization is the connection of different parts of the world. Globalization results in the expansion of international cultural, economic, and political activities.
- As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar.
Does economic globalization unites the world?
- The deepening economic globalization has linked the development of all countries closely together.
- Without the development and equal participation of developing countries, there cannot be common prosperity in the world, nor a more just and equitable international economic order.
What are the impact of Globalisation in India ?
- Foreign investment has increased. Increased competition has encouraged top Indian Companies to invest in newer technology and production methods and raise their production standards.
- Globalisation has enabled some large Indian Companies to emerge as Multinational.
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