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The Role of Globalization In The World

Gayatri Sunkad

Globalization is not a new phenomenon to business field. The period between 1870 and 1913 played a growing trend between globalization. But after 1980 globalization achieved a great progress in the economic reforms of developing countries. Of late, achievements, in technology, communication and internet communication systems have made large business units as global units that mean the activities of these large business units are not confined only to the place where they are established but spread all over the fields. As result of this the close relation and inter dependence among the countries of the world has increased and business and market have become worldwide units.