Globalisation will continue in the future. …

After 20 years, the world would undergo a positive change with the features of healthy competition, improved production efficiency, increased volume of output, income and employment, better living standards, greater availability of information and modern technology. The entire world would become a global village twenty years right from now. The reasons are mentioned below:

1. Human resources, both quantity wise and quality wise will be available globally.
2. More and more goods and services, investment and technology would shuffle between countries.
3. All major countries will have a broad resource and industrial base.
4. Entrepreneurship will grow.
5. Domestic markets of all major countries will experience growth.
6. MNCs would produce goods and services in those locations around the world which would be cheaper for their production.