Question

What are the essential conditions for globalisation?

Answer 1

Explanation:

$\huge\green{\boxed{\mathcal{_</p><p>Essential_Conditions}}}$

There should not be unnecessary Government restrictions which come in the way of globalization, like import restriction, restrictions on sourcing finance or other factors from abroad foreign investments etc. That is why the economic liberalization is regarded as a first step towards facilitating globalization.

Answer 2

Answer:

It is the process of internationalization of products, markets, technologies, capital, human resources, information and cultures. Globalization refers to the free flow of goods and services, capital, technology and labour among different countries. The main features of Globalization