Question

.Identify which of the following statements is not true about globalization.
(a) Globalisation is the process of rapid integration between countries.
(b) It is the movement of more and more investments and technology between countries.
(c) Globalisation is the introduction of restrictions or barriers by the government.
(d) It is the movement of more and more goods and services between countries

Answer 1

The correct answer is option (c) Globalisation is the introduction of restrictions or barriers by the government.

Explanation:

• The statement which is incorrect about Globalization is- (c) Globalisation is the introduction of restrictions or barriers by the government.
• Globalization is defined as the process of interaction and integration among people, companies, and governments across worldwide.
• It has changed the commercial and economic environment by opening up international markets and increasing competition.
• Restrictions and Barriers such as Tax on imports all are the example of trade barrier.
• Removing barriers or restrictions set by the governments is known as liberalisation.

Answer 2

(c) Globalization is the introduction of restrictions or barriers by the government.

• Globalization is the spread of innovation, items, data, and occupations across public societies. In financial terms, it portrays a relationship of countries all over the planet encouraged through deregulation.

• One clear consequence of globalization is that a monetary decline in one nation can make a cascading type of influence through its exchange accomplices.

• On the one hand, globalization has made new positions and monetary development through the cross-line stream of products, capital, and work. Then again, this development and occupation creation are not circulated equitably across businesses or nations.