Globalization and its impact

The goods that we use in our daily lives, whether they are essentials such as food, clothing, furniture, electrical goods or medicines or items of comfort and entertainment, etc. Many of these reach us through networks of global size. The raw material may have been extracted from one country. The knowledge to process the raw material may be in another country and the actual processing may take place in another place, and the money for production may come from a completely different country. Notice how people living in different parts of the world are interconnected. Their interdependence is not limited only to the production and distribution of goods. They are also influenced by each other in the field of education, art and literature. Interaction between countries and people through trade, investment, travel, folk culture and other forms of exchange is a step towards globalization. In the process of globalization countries become interdependent on each other and the distances between people decrease. A country depends on other countries for its development. For example, Japan, one of the major names in the cotton textile industry, depends on cotton grown in India or other countries. India, a leader in the international cashew market, depends on raw cashew grown in African countries. We all know to what extent the information technology industry of the US depends on engineers from India and other developing countries.