Anuja Prabhakar Mudholkar Dr. .S Agrawal

ABSTRACT

The paper aims to give an analysis of globalisation the challenges and opportunities. The followings are the definitions, characteristics, opportunities and challenges. The paper considers all the aspect of Global business. Globalization is the process where the economies of various countries in the world become more and more connected to one another. In a globalized economy, people from one country can buy goods quite easily from other countries. Nowadays, people in one country can even buy services from other countries (because of the internet a company can have accountants in India, for example, do its taxes). By the term globalisation we mean opening up of the economy for world market by attaining international competitiveness. Thus the globalisation of the economy simply indicates interaction of the country relating to production, trading and financial transactions with the developed industrialized countries of the world.