What is globalisation?explain in your own words
Answers
Globalisation refers to the process of integration between countries such that there is a greater flow of goods, services, capital and labour among them. This process is making world into "one big village".
Globalisation refers to the process of integration between countries such that there is a greater flow of goods, services, capital and labour among them. This process is making world into "one big village".This process has had following impact:
Globalisation refers to the process of integration between countries such that there is a greater flow of goods, services, capital and labour among them. This process is making world into "one big village".This process has had following impact:• Greater coordination and cooperation at international level.
Globalisation refers to the process of integration between countries such that there is a greater flow of goods, services, capital and labour among them. This process is making world into "one big village".This process has had following impact:• Greater coordination and cooperation at international level.• Emergence of institution like WTO (World trade organisation) for facilitating trade led relation among countries.
Globalisation refers to the process of integration between countries such that there is a greater flow of goods, services, capital and labour among them. This process is making world into "one big village".This process has had following impact:• Greater coordination and cooperation at international level.• Emergence of institution like WTO (World trade organisation) for facilitating trade led relation among countries.• Separation of the process of production, where in a company can have R&D, Manufacturing unit and distribution zone, being located all separately in different location.