The free flow of goods and services between nations is one of the effects of
Answers
Answer:
Liberalisation, Privatisation and Globalisation are the reasons behind the free flow of goods and services between nations
Answer:
The free flow of goods and services between nations is one of the effects of globalization...
Explanation:
The situation has completely altered as a result of the open economy and the removal of trade barriers, which have allowed for the free movement of capital, products, services, human capital, and technology across national boundaries. Different nations' economies are being impacted by globalization in both good and bad ways.
globalization:
The term "globalization" refers to the increasing interconnectedness of the economies, cultures, and inhabitants of different countries as a result of technological advancements, cross-border commerce in products and services, and international movements of capital, people, and information.
Three different forms of globalization exist.
globalization of the economy. Here, the emphasis is on the coordination of financial institutions and the integration of global financial markets.
- the exchanging.
- Global politicization.
- globalization of culture.
hence through the free movement of people, products, services, information, and knowledge across all borders, globalization aims to ensure the socio-economic integration and development of all people around the globe.