described any three ways in which countries can be linked through globalisation
Answers
three ways in which countries can be linked through globalisation :
1. By trade purposes, by set up of more global companies and allowing them free trade, by maximising mergers with local companies. By permitting more entrance of MNCs in local trade
2. By tourism industry, by set-up of more tourist spots and attraction
3. By set up of educational institutions that can cater the needs of students on global perspective
Different countries can be connected by Financial, Geographical or Political Globalization.
Financial Globalization
It is caused by the expansion of global financial systems and the global exchange of money. Examples include the global stock market, which is dependent on the overall economy and where a decrease in one market affects others.
Geographical Globalization
It occurs due to the movement/relocation of organizations from one country to different countries. For example, certain countries share visas, allowing citizens to work, live, and travel freely in countries other than their own.
Political Globalization
It happens due to the growth and impact of international organizations that make decisions on international acts and legislation. The European Union, the United Nations, and even the World Health Organization are examples of such organizations.
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