The Euphony Of Globalization. How The World Has Become One Big Family:)

Has it ever occured to you that all the hundred pianos are tuned to the same fork automatically tuned to each other. Inspiringly euphonius. Isn't it? What if 195 countries of the world groove to the same sound of 'Globalisation'. A definite creation of 'Global Economy'.

Global economy is the economy of the world. It includes world-wide economic activities between various countries that are correlated and can affect other countries, positively and negatively. It is a multi-faceted system. When one variable changes, such ss the GST incorporation, the scheme may be either detrimental or profitable to nations.

Global economy existed as long as as we existed on the globe, but has emerged from the cocoon as a formal institutionalised system since World War 2 and is flying since then. It's effect started by the creation of International Monetory Fund that manifold expanded free trade. In 1996, General Agreement of Trade amd Tariffs Agreement was signed that led to the creation of WTO and from there on, officially 'Global Economy' term was used.

Courtesy- https://velocityglobal.com/blog/globalization-benefits-and-challenges/

All the books you have read are being read by others
All the songs you have loved are being heard by others
All the places you have seen are fascinating others
And all the food stuff you've loved are delighting others.
And
If your countenance is gleeming with joy and nodding in assertance,
You are fortunate to feel the true essence of Global Economy.

Global economy concept has reduced distances between nations both literally and symbollically. Now traveling to another country is not difficult, to be able to read the literary works of writers across the globe is not a big deal, the world is one unified soul today.

With the 1991 New Economic Reforms of Liberalisation, Privatisation and Globalisation, India has breezed into a new dawn of civilization that has led to an onset of a more liberal economy. This has more peculiarly marked an advent of the real integration of the real economy to the world economy. Our economy has become liberalised in terms of trade, industrial and financial sector.

India's behaviourism has metamorphosised
FROM restrictions TO liberalisation
FROM self-reliance TO foreign trade
FROM isolation TO collaboration
FROM overall backwardness TO a forward looking development.

India has already embarked an ambitious plan to make itself a profitable destination for FDI. It is receiving a tremendous positive respinse on the gloabl fornt. India's first step towards globalisation was devaluation followed by disinvestment. These 1991 reforms reduced trade barriers, liberalised industries, shifted cult from public to private sector and added outsourcing and free trade a part of its economic map.

There are more humans on earth than rabbits, rat and mice, and we are the most numerous mammals on the planet. Since homo-sapiens aren't ordinary, we need to be less defensive, more open and thereon must adapt to the New Global Economy and make this planet a heaven to live in.