Globalization has immense benefits. Though this new movement mainly opens up business , trade and commerce ,it also establishes relationship among the people of the world. Globalization has created challenges as well as opportunities. If we ensure better service at a competitive price , we certainly survive the competition.
Our labour is cheap . So our production cost will be naturally cheaper. But at the same time we have to
ensure better qualities . In this regard our garment industries are having tremendous success in the world
market . Globalization will also remove tension among the nations of the world.