Question

Analyze the impact of globalisation.

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Answer 1

Explanation:

Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.

Answer 2

Answer:

Impacts of globalization in India are as follows : (a) It improves the productivity and efficiency in the use of resources through the process of competition. (b) Growth rate of economy has gone up with the increase in foreign investment and foreign technology in India.