How do we feel the impact of globalization on our daily life? Explain with examples.[CBSE 2018]

Globalisation has transformed the way of living, it has reduced the distances and increased the interdependence among the people and nations at all levels.

a. The process of Globalisation has brought the world together at a single platform where the differences have diminished in all aspects including social, cultural, economic, political etc

b. Globalization has transformed the way of living, it has reduced the distances and increased the interdependence among the people and nations at all levels.

c. Competition has increased in the market. As for a single demand, various products are available in the market.

d. Jobs have increased. As foreign companies have started to hire other countries’ people as an employee.

e. Globalization led to the influx of industries, factories and forests were cleared in huge amount for the set, which in turn ruined the environment and diminished the biodiversity.

f. The local economies were affected.

Example: The dress culture has also changed, youths have been more fascinated by the western dress culture. Youths aspire to work as an employee in foreign countries.