What is globalization explain different facets of globalization
Answers
globalization is the increasing Cross - border transactions of goods and services and of international capital flow, and also through the more rapid and widespread diffusion of technology.
factors which include in globalisation
1. globalisation encourages International capital and trade overcoming the political barriers among the countries.
2. globalisation creates free trade zone by removing the import and export duties.
3. globalisation helps to reduce the restrictions on capital investment of Fully removes the barriers on capital flow.
4. increases economic practices like Outsourcing by a multinational corporation.
5. creates International cultural exchange.
hope this helps you☺️☺️
plz mark as brainliest ............
Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe
- Globalization fuels inequality. Globalization makes the rich richer and the poor poorer. ...
- Globalization leads to reduced public revenues. ...
- Globalization destroys the environment. ...
- Globalization leaves us vulnerable to infectious diseases. ...
- Globalization creates a race to the bottom.