Question

what is globalisation and what are it's impacts ( please give text book answer) i will mark u as Brainlist ​

Answer 1

Answer:

GLOBALISATION MEANS FREE INTERACTION IF AN ECONOMY WITH THE ECONOMIES OF THE REST OF THE WORLD.

IMPACT OF GLOBALISATION:

1. DEVELOPED COUNTRIES HAVE EXPLOITED THE VARIOUS TERMS & CONDITIONS OF IT IN THEIR OWN FAVOUR, WHEREAS, DEVELOPING COUNTRIES HAVE BECOME LOSERS. SO THERE IS A GREAT NEED TO MAKE THEM MORE FRIENDLY FOR THE DEVELOPING COUNTRIES.

2.IT IS ALSO ARGUED THAT GLOBAL TRADE RULES SHOULD BE SUBORDINATE TO GLOABAL ENVIRONMENTAL AGENCIES IN ORDER TO MAINTAIN ECOLOGICAL BALANCE FOR DEVELOPING COUNTRIES.

3. AGRICULTURE SHOULD BE EXCUMPTED FROM GLOBAL TRADE RULES TO ALLOW POOR COUNTRIES TO PURSUE THEIR OWN FOOD SECURITY & SUSTAIN THEI FAMILY POLICY.

4.LASYLY, A SPECIAL FUND SHOULD BE CREATED TO ALLEVIATE POVERTY FROM REVENUE BASED THROUGH SOME FORM OF GLOBAL TAXATION & BY LABELING TAX ON CURRENCY TRANSACTION..

HOPE HELPS ✌✌✌

Answer 2

Answer:

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.

One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

Explanation:

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