Question

Which of the following is not a feature of globalisation ?
a. Opening up of global commercial markets. b. Flow of capital. c. Protection of domestic markets. d. Movement of people across national borders.

Answer 1

answer is flow of capital

Answer 2

Protection of domestic markets is not a feature of globalization. (Option C)

The following are some characteristics of globalization:

1. Liberalization:  Entrepreneurs' capacity to establish whatever industry, trade, or commercial venture they want, whether in their nation or elsewhere, is referred to as liberalization.
2. Free trade:  The unfettered flow of commodities and services among all nations is referred to as free trade. It argues for the elimination of burdensome regulatory and protective legislation and constraints on industry and trade.
3. Globalization of Economic Activity:  Economic activities are influenced by both domestic and international markets. It refers to the process of home economies becoming more integrated with the global economy.
4. Liberalization of Import-Export System:  This refers to the liberalization of import-export activity, which involves the free movement of commodities and services across borders.
5. Privatization:  Globalization refers to the removal of the state from the ownership of means of production and distribution, allowing for the free flow of industrial, commerce, and economic activity between people and their businesses.
6. Increased Collaborations: An aspect of Globalization is that it encourages enterprises to collaborate to ensure quick modernization, development, and technical growth.
7. Economic Reforms:  Promoting fiscal and financial reforms to strengthen free trade, free entrepreneurship, and global market forces. Through worldwide investments, globalization stands for the integration and democratization of the world's culture, economy, and infrastructure.