Social Sciences, asked by vijaynagpal717, 8 months ago

what was the main channel connecting countries in the past? how is it different now​

Answers

Answered by leuaxen
2

Answer:

hey dear here is your answer....

trade was the main channel connecting countries in the past...

hope it helps you dear...

thanks dear a lot...

Answered by Anonymous
1

{\green{\underline{Foreign\:Trade}}} was the main Chanel connecting counties in the past.

➡️The result of Greater foreign investment and greater foreign trade has been greater integration of production and market across countries.

➡️ Globalization is this process of rapid integration or interconnection between countries.

➡️MNC's are playing a major role in globalisation process.

➡️They are not only trading goods of their countries but also creating manufacturing unit all over the world.

➡️More goods and services , investments technology are moving between countries.

Additional information:

  • Trade has in the past been the main link between countries.

  • Historically, the Silk route is said to have linked the world's various countries in trade and business relating to export and import this route has resulted in extensive trade between countries located away from each other but have been brought together through trade and capital .

  • Technology , people capital and services on now held worldwide in addition to trade .

  • Globalization is the purpose taken for main link between control system listing general Global culture and preaching interdependence between countries .

  • Countries trade with each other when on their own they do not have the resources are capacity to satisfy their own needs and wants by developing and exploiting the domestic scares resources countries can produce surplus and trade .

  • foreign trade and the accompanying financial transactions are generally conducted for the purpose of providing a nation with commodities it lacks in exchange for those that it produces in abundance such transactions functioning with other economic policies tend to improve a Nation's standard of living .
Similar questions