Benefits of Globalization

The era of Globalization makes each country alert to events happening around the world. If you see a favourable opportunity, you have to grab it. A great example of this is how two countries, each having a population of 1 Billion is dealing with trade in the wake of SARS

“SARS boon for India?s textile exports”:
bq. “India has been largely benefited, following widespread non-acceptance of fabric manufactured in China and Hong Kong by the US and European countries”, Rana told a press conference here. “Our target of export for the current fiscal is set at Rs.16 billion, but considering the large demand, it is expected that the country will export fabric worth Rs. 18-19 billion”