what are the effects of globalisation!!?
Answers
Answer:
1. Expansion of World Trade: Globalisation leads to increase in free flow of goods between countries. As a result, world trade has increased in recent years.
2. Increased Flow of International Capital: Globalisation increases the international flow of capital. Investment opportunities for the developed countries have increased. Multinational corporations from the developed
countries have started undertaking investment in the developing countries. This has led to the emergence of worldwide financial market.
3. Increased Interdependence between Countries: The interdependence between different national states increases. Globalisation has increased interdependence between different countries of the world. This is reflected in interdependence in regard to trading in goods and services and in movement of capital Globalisation has several advantages on economic, technological and other fronts.
Answer:
Effects of Globalisation in the attachment!
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