What is globalization? Explain its impact

Globalisation is a process by which the whole workd become a single market. IMPACTS 1. The impact of Globalisation on indian agricultural is not positive .The agriculture sector in india has been badly affected by the Globalisation. 2 . Indian agriculture has been hit hard due to foreign competition. 3. The liberalization of foreign trade and investment in India was supoorted by some very powerful international organization . WTO is one such organisation whose aim is to liberalise international trade .But inpractice it iis seen that the developed countries have unfairly retained trade barriees example on agricultural products. 4. More than 60 percent of indian population is still engaged in agriculture sector while in the US the share of this sectir in total employment is a tiny 0.5 percent .yet , this very small percentage of people in the US recueves massive sums of money from US government for production and for export to other countries. 5.That 's why , US farmers can sell the fsrm products at abnormally low prices that adversely affect farmers in the countrieslike India.