in a paragraph of eight lines evaluate globalization as part of international trade
Answers
Answer:
A paragraph of eight lines on globalization .
Explanation:
Globalization is an important aspecrt of the socio-economic environment .
International trade is trade between multilateral regions that make up the globe .As a result of this , mechanisms have been put in place to ensure that
trade happens around the world in a smooth way.
The rise of the internet has made the world a small village in the way products are sold and delivered .
The process entails marketing , sales , delivery and tracking of important processes in trade.
Answer:
The evaluation of globalization as part of international trade is as follows,
Explanation:
The basic definition of globalization states, the inter-dependency coherent with the independent nature of individual countries when integrated with exports and imports relations among each other. The cross border trade includes transfers such as services, technology, manpower, monetary investment, information.
In terms of India, it bloomed only after till the economic reforms of 1991. The relationship is built upon these factors and in change promotes harmony and peace.