How does the globalisation make the whole world a single market and integrates various countries?
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it basically integrates market.. some developed countries are scientifically more advanced provide technologically superior products { complex softwares, hardware devices(digital and non digital), semi conductors, trozens and many more complex parts of mechanical and electronic engineering} these can by no means be produced by poor countries even in next 60 years. these are made available at cheap price,
for examples 40-50 crore Indians have mobile phones even though India is yet to manufacture one.
on the other hand under developed countries provide cheap labour who can produce simple products and supply it to developed world at cheap rates.
for example simple basics products of iron and steel are exported in large numbers from India. Even though US and European country has technology but they prefer to import as it is cheaper
for examples 40-50 crore Indians have mobile phones even though India is yet to manufacture one.
on the other hand under developed countries provide cheap labour who can produce simple products and supply it to developed world at cheap rates.
for example simple basics products of iron and steel are exported in large numbers from India. Even though US and European country has technology but they prefer to import as it is cheaper
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