Question

plz answer this ASAP and i will mark it as the brainiest

Answer 1

Answer:

1) Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. ... Likewise, for centuries, people and corporations have invested in enterprises in other countries.

2) The Indian Government attracted foreign companies in the following ways: Special Economic Zones (SEZs) are being set up to have world class facilities such as educational, electricity, water, transport, storage recreational etc. Production units in SEZs are initially exempted from taxes for a period of five years.

3) 1) By buying local companies of an area. 2) By making partnership with the owner of local companies. 3) By investing in local companies to encourage the production of foreign product in any country. MNCs are Multi-National Companies which as the term suggests run in multiple countries or other words internationally.

4) Containerisation. The costs of ocean shipping have come down, due to containerisation, bulk shipping, and other efficiencies. ...

Technological change. ...

Economies of scale. ...

Differences in tax systems. ...

Less protectionism. ...

Growth Strategies of Transnational and Multinational Companies.

5) New Economic Policy of 1991: Objectives, Features and Impacts. In 1991, the P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export and reduce the adverse Balance of Payment (BOP) situation.

6) Globalisation has brought violation of journalistic ethics in India. To summarize, the process of globalization has changed the industrial pattern social life of global people and it has immense impact on Indian trade system. The globalization of the economic, social and cultural structures happened in all ages.

7) Globalisation has some negative impacts on employment and real wages. Due to new technologies, output increases but employment opportunities aren’t much especially in rural areas where over 60% of the population lives.

2. Globalisation is mainly beneficial to large capatialsts, industries and large companies. Consequently, it increases the concentration of economic power and leads to inequalities.

3. In India, during 1990-91, more than 33% of national products was originated in the agricultural sector but this share has come down to 23% in 2004-05.

please Mark as brainliest answer

Answer 2

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HERE IS UR ANSWER

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• Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information

• A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders.

• Their aims include increased trade balance, employment, increased investment, job creation and effective administration.

THE Central and the State governments Eire taking special steps to attract foreign companies to invest in India.

1. Special Economic Zones are being set up.
2. Special Economic Zones are to have world class facilities in the field of electricity, water, roads, transport, storage recreational and educational facilities.