Question

give four principles of globalisation

Answer 1

Answer:

The growth in cross-border economic activities takes five principal forms: (1) international trade; (2) foreign direct investment; (3) capital market flows; (4) migration (movement of labor)

Explanation:

Thank you

Answer 2

Globalisation : Series of economic, social , technological, cultural and political changes, increasing interdependence, integration and interaction among people and economic players in disparate locations.

Explanation:

principles of globalisation :

• Opening up of economy of country for foreign investment.
• To reduce custom duty upto maximum extent.
• Disinvestment of public enterprises
• To encourage investment in private sector.

Objective of Globalisation :

• main objective of globalisation is to produce more opportunities of employment.
• to attract foreign investment to produce employment opportunities.
• making indian companies competitive in world market.
• to give more and more freedom to private sector.