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GLOBALIZATION, INTERNATIONALIZATION, LIBERALIZATION - Coggle Diagram

- - - - POSITIVE
        
        Lower costs for products
        
        Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers.
        
        Access to new cultures
        
        Globalization makes it easier than ever to access foreign culture, including food, movies, music, and art.
        
        Spread of technology and innovation
        
        Many countries around the world remain constantly connected, so knowledge and technological advances travel quickly.
      - NEGATIVE
        
        Colonization
        
        Heavy exporters often undermine the issues of the importing nation. If the importing country depends too much on the imported products, it may turn into a colony.
        
        Unequal Competition
        
        Due to internationalization, all countries come to a single platform of business. As developing countries cannot compete with the developed ones, the growth and development of the developing nations get affected.
        
        Exploitation
        
        Developed countries, due to their economic prowess, may try to exploit the developing and third-world countries for their business motives.
    - - Reach customers/users outside your home country to increase your revenue/audience
        
        Having a diverse international talent pool of employees will definitely help to make your business shine.
        
        Reach customers/users outside your home country to increase your revenue/audience.
- - - - To develop a global market of a country
        
        To improve the technology and foreign capital
        
        To promote foreign trade and regulate imports and exports
    - - POSITIVE
        
        Free flow of capital
        
        It enhances the flow of capital by making it affordable for the business to reach the capital from investors and take a profitable project.
        
        Diversity for investors
        
        It is by investing a portion of their business into a diversifying asset class.
        
        Impact on agriculture
        
        Provides a huge change. Government's restrictions and interventions can be seen from the production to the distribution of the crops
      - NEGATIVE
        
        Weakening of the economoy
        
        enormous restoration of the political power and economic power will lead to weakening the entire Indian economy.
        
        Technological Impact
        
        Fast development in technology allows many small scale industries and other businesses in India to either adjust to changes or shut their businesses.
        
        Mergers and Acquisitions
        
        Merging of small businesses with big companies. This enhancing of skills and the time it might take, may lead to non-productivity and can be a burden to the company’s capital.