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Class 10
Social Science - Understanding Economic Development
Globalisation and the Indian Economy
what do you understand by globalisation explain i...

Question:
What do you understand by globalisation? Explain in your own words.

Answer:

Globalization is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs). Increase in foreign trade migration of people, spread of technology, capital flow, private and public investments from foreign countries all together contribute to globalization. Globalization has been facilitated by several factors like rapid improvements in technology, liberalization of trade and investment policies and, pressures from international organization such as the WTO.

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Recently Viewed Questions of Class 10 Social Science - Understanding Economic Development

Distinguish between open unemployment and disguised unemployment.

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Question:
What do you understand by globalisation? Explain in your own words.

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Question: What do you understand by globalisation? Explain in your own words.

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Question:
What do you understand by globalisation? Explain in your own words.