What is globalisation?
What are TNCs?
What factors influence globalisation?
What is meant by interdependence?
Answers
Answer:
Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.
Answer:Globalization is a process of interaction and integration among the people, companies, and governments of different nations.
•TNCs or multinational corporations (MNCs) are companies that operate in more than one country.
•Broadly speaking, economic, financial, political, technological and social factors have paved the way to globalization. Economic factors mainly include lower trade and investment barriers. Expansion of financial sector is also considered an important force of glo- balization.
•Interdependence is a relationship between multiple parties that depend on each other to strive. It means that each party has something the other party need.