• DR. PRAVEEN SAHU
• PREETI SAHU

Globalization is the most emerging trends in modern business management. It involves creating new opportunities for profit maximization, decreasing demand for local products and opening domestic markets to new competitors from all over the world. Improved transportation, low-cost communication technologies, and a growing mass of educated people in countries around the world are contributing to business globalization. In this paper, we will look at the benefits and also examine the risks of globalization in business scenario. The key characteristics of globalization encapsulates the three major areas : Political, Economic, Social and Ethical. Globalization is the change in a business from a company associated with a single country to one that operates in multiple countries. The increased interconnectedness among countries usually results in a better standard of living, and an overall improved quality of life.

Globalization, Political, Economic, Social, Ethical, domestic markets.

"A Study of Globalization and Its Impact on Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.78-81, May-2019, Available :http://www.jetir.org/papers/JETIRCC06015.pdf

"A Study of Globalization and Its Impact on Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp78-81, May-2019, Available at : http://www.jetir.org/papers/JETIRCC06015.pdf