Question

what are the main features of globalisation?​

Answer 1

Globalisation has three main aspects which are economic, political and socio-cultural (University of Leicester 2009). Economic aspect focuses on the integration of global economies as well as flow of trade and capital across nation borders. Socio-cultural aspect emphasises on the exchanging of social and culture.

Answer 2

Globalization refers to the process of opening up of world economy and removal of unnecessary trade restrictions.

Explanation:

1. Globalization is one of those policies that has changed the nature of international trade around the globe.
2. The main features of globalisation are:
3. Globalisation tends to improve the nature of international trade by making it more liberal and unrestricted.
4. Globalisation also tends to improve the relations between countries as a trade can act as an integrating force.
5. Globalisation also helps in the development of the backward countries as the resources from developed countries can easily move to the undeveloped countries.