mention any 8 charecterstics in globalization
Answers
Hey dear follow me
Characteristics of globalisation
Greater trade in goods and services both between nations and within regions
An increase in transfers of capital including the expansion of foreign direct investment (FDI) by trans-national companies (TNCs) and the rising influence of sovereign wealth funds
The development of global brands that serve markets in higher and lower income countries
Spatial division of labour– for example out-sourcing and off shoring of production and support services as production supply-chains has become more international. As an example, the iPhone is part of a complicated global supply chain. The product was conceived and designed in Silicon Valley; the software was enhanced by software engineers working in India. Most iPhones are assembled / manufactured in China and Taiwan by TNCs such as FoxConn
High levels of labour migration within and between countries
New nations joining the world trading system. China and India joined the WTO in 1991, Russia joined the WTO in 2012
A fast changing shift in the balance of economic and financial power from developed to emerging economies and markets – i.e. a change in the centre of gravity in the world economy
Increasing spending on investment, innovation and infrastructure across large parts of the world
Mark me as brainliest
Answer:
Brother see that if you are preparing for class12 boards better don't prepapre it because it will not come in this order.instead there could be 1 marks question of globalisation in boards. Check the blueprint of business studies of Google and you will know it.
Explanation: