02 Write Short notes on : Globalisation
Answers
Explanation:
globalisation means integrating the national economy with the world economy the removal of various Indian International Trade capital movement . ... globalisation is generally understood to mean integration of the economic of the country with the world economy.
Answer:
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services. The biggest companies are no longer national firms but multinational corporations with subsidiaries in many countries.
Globalisation has been taking place for hundreds of years, but has sped up enormously over the last half-century.
Globalisation has resulted in:
increased international trade
a company operating in more than one country
greater dependence on the global economy
freer movement of capital, goods, and services
recognition of companies such as McDonalds and Starbucks in LEDCs