Author(s): Nirlep Kaur

Abstract:
The term Globalization means integration of economics and societies through cross country flows of information, ideas, technologies, goods, services, capital, fiancé and people. Historically the growth of globalization was mainly led by the technological forces in the field of transport and communication. The rapid development of the capital market has been one of the important features of the current process of globalization. There are many negative and positive effects of globalization in every field. The main two fears of globalization are that globalization leads to a more iniquitous distribution of income among countries and within countries and other one is that globalization leads to loss of national sovereignty. Globalization is not only an economic phenomenon. In sports globalization started as early as in 1877 when the inaugural cricket test match was held between England and Australia. Sport is affected by and participates in the process of globalization in several different ways. Many International competition benefits the country economically. This topic deals with effect of globalization on sports goods industries.

Pages: 87-88  |  993 Views  789 Downloads

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