GLOBALISATION
Globalisation is a concept that has attracted significant attention, debate, and discussion in the contemporary world. The term itself encapsulates a wide range of phenomena and processes that contribute to a more interconnected and interdependent world.
Example: Janardhan, who works in a call centre, becomes John at work, adopts a different accent, and works according to the time zone of his clients from the US.
Explanation: This highlights the globalisation of services. Due to technological advances and communication capabilities, services can now be provided remotely, and companies can tap into talent anywhere in the world. This has led to the offshoring and outsourcing of various services, especially in sectors like IT and customer service.
Example: Ramdhari buys a cycle manufactured in China and a Barbie doll manufactured in the US, both sold in India.
Explanation: This underscores the movement of commodities and products across the globe. Trade liberalisation, reduced tariffs, and improvements in transportation have made it easier for products to be manufactured in one part of the world and sold in another.