Thus, while for some it may mean new opportunities, for others the loss of livelihood. It affects us all but affects us differently. The effect of globalization is far reaching. Globalization is a process of increasing interdependence, interconnectedness and integration of economies and societies to such an extent that an event in one part of the globe affects people in other parts of world. RELEVANT for UPS-CSE GENERAL STUDIES PAPER 1 (IMPACT OF GLOBALIZATION OF INDIAN SOCIETY)
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