4. Globalisation and Recent Trends in Business

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1. 4

   Globalisation And Recent Trends In Business

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   Globalisation has transformed businesses by enabling them to operate on a...

2. 4.1

   Introduction

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   Globalisation reshapes business by transcending borders, driven by...

3. 4.2

   Meaning Of Globalisation

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   Globalisation is the process of worldwide integration among people,...

4. 4.3

   Features Of Globalisation

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   This section outlines the key features of globalisation which have...

5. 4.3.1

   Integration Of Economies

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   The section discusses how globalization leads to the economic integration of...

6. 4.3.2

   Liberalisation Of Trade

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   Liberalisation of trade involves the removal of tariffs and trade barriers...

7. 4.3.3

   Free Flow Of Capital

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   The free flow of capital refers to the ease with which investments can move...

8. 4.3.4

   Global Workforce

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   The Global Workforce refers to the recruitment and employment of talent from...

9. 4.3.5

   Technological Advancement

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   Technological advancement is a key driver of globalisation, facilitating...

10. 4.3.6

    International Brands

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    International brands play a pivotal role in globalisation by exemplifying...

11. 4.4

    Factors Leading To Globalisation

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    This section explores various factors that have contributed to the...

12. 4.4.1

    Technological Advancements

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    Technological advancements are pivotal in driving globalization, enabling...

13. 4.4.2

    Deregulation And Liberalisation

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    Deregulation and liberalisation are key drivers of globalisation, promoting...

14. 4.4.3

    International Agreements

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    International agreements play a pivotal role in promoting globalisation...

15. 4.4.4

    Improved Infrastructure

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    Improved infrastructure significantly enhances global trade by facilitating...

16. 4.4.5

    Rise Of Multinational Corporations (Mncs)

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    The rise of Multinational Corporations (MNCs) illustrates the growing...

17. 4.5

    Impact Of Globalisation On Business

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    This section discusses the profound effects of globalisation on businesses,...

18. 4.5.1

    Positive Effects

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    This section outlines the positive effects of globalization on businesses.

19. 4.5.1.1

    Expansion Of Markets

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    The expansion of markets due to globalisation allows businesses to reach...

20. 4.5.1.2

    Improved Quality And Efficiency

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    This section discusses how globalisation enhances the quality and efficiency...

21. 4.5.1.3

    Access To Global Capital And Technology

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    This section discusses how globalization facilitates access to global...

22. 4.5.1.4

    Employment Generation

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    Employment generation refers to the job opportunities created as a result of...

23. 4.5.1.5

    Cultural Exchange

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    Cultural exchange significantly influences globalization and enhances...

24. 4.5.2

    Negative Effects

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    Globalisation can lead to several negative effects on local economies,...

25. 4.5.2.1

    Threat To Local Industries

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    This section discusses how globalisation poses a significant challenge to...

26. 4.5.2.2

    Economic Inequality

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    Economic inequality refers to the disparity in wealth and income between...

27. 4.5.2.3

    Exploitation Of Labour

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    The exploitation of labor highlights how globalization can lead to the...

28. 4.5.2.4

    Cultural Erosion

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    Cultural erosion refers to the diminishing of local cultures due to the...

29. 4.6

    Recent Trends In Business Due To Globalisation

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    This section discusses the recent trends in business catalyzed by...

30. 4.6.1

    E-Commerce And Digital Business

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    This section discusses how e-commerce and digital business models have...

31. 4.6.2

    Outsourcing And Offshoring

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    Outsourcing and offshoring allow businesses to reduce costs by sourcing...

32. 4.6.3

    Rise Of Start-Ups And Unicorns

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    The rise of start-ups and unicorns signifies a new wave of rapid growth in...

33. 4.6.4

    Sustainability And Green Business

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    This section discusses the growing importance of sustainability and green...

34. 4.6.5

    Remote Work And Virtual Teams

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    Remote work and virtual teams enable businesses to operate with global teams...

35. 4.6.6

    Ai And Automation

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    AI and automation are reshaping business sectors, enhancing efficiency while...

36. 4.6.7

    Fintech And Digital Payments

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    This section discusses the transformative impact of financial technologies...

37. 4.6.8

    Global Supply Chains

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    The section explores the significance of global supply chains in the context...

38. 4.7

    Role Of Mncs In Globalisation

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    Multinational corporations (MNCs) play a critical role in globalisation by...

39. 4.8

    Challenges To Globalisation

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    This section discusses the various challenges facing globalisation,...

40. 4.9

    India And Globalisation

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    This section discusses India's role in globalization, including the...

41. 4.10

    Steps Taken By The Government Of India To Promote Globalisation

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    The Indian government has implemented several strategies to promote...

42. 4.10.1

    Liberal Fdi Policy

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    The Liberal FDI policy aims to attract foreign investment by minimizing...

43. 4.10.2

    Establishment Of Sezs (Special Economic Zones)

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    Special Economic Zones (SEZs) are designated areas aimed at enhancing...

44. 4.10.3

    Reforms In Labour And Tax Laws

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    This section discusses the reforms in labour and tax laws as part of India's...

45. 4.10.4

    Digital India And Start-Up India Initiatives

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    The Digital India and Start-up India initiatives aim to promote technology...

46. 4.10.5

    Bilateral And Multilateral Trade Agreements

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    Bilateral and multilateral trade agreements are crucial for facilitating...

47. 4.11

    Summary

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    Globalisation reshapes business by opening new markets and creating both...