Business Studies, asked by kpsramalingaiah, 9 months ago

as a result of globalisation the close relation and interdependence among the countries of the world as

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Answered by godhalakshmi2002
0

Globalizationis a process associated with increasing openness, growingeconomicinterdependence and deepening economic integration in the world economy...due to the globalization the relation among the countries has increased...reasons are as follows..

  • we could even access and upgrade the technology
  • we could understand their ways of production and marketing
  • this helped to reduce the tarrif barriers
  • it even reduced the import quotas
  • abolished inward looking trade strategy
  • enabled outsourcing
  • withdrew quantitative restrictions

hope this helps

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