This type of globalisation refers to global markets and the flow of capital, technology & goods isa)political globalisation.b)cultural globalisation.c)economic globalisation.d)opposing globalisation.Correct answer is option 'C'. Can you explain this answer?

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Answer

Explanation:

Globalisation can be broken down into different aspects, one of which is economic globalisation. Economic globalisation refers to the interconnectedness of different economies around the world through the flow of capital, technology, and goods. This type of globalisation is primarily driven by global markets and the pursuit of profit by corporations and businesses.

Key Points:

- Global Markets: Economic globalisation is closely tied to the concept of global markets, where goods and services are exchanged on an international scale. This leads to increased competition and opportunities for businesses to expand beyond their domestic markets.

- Flow of Capital: Capital flows across borders as investments are made in different countries. This can lead to economic growth and development in some regions, while also posing risks such as financial instability and dependency.

- Flow of Technology: Technology transfer is a key aspect of economic globalisation, as advancements in technology are shared and adopted by different countries. This can lead to increased efficiency, productivity, and innovation in various industries.

- Flow of Goods: The movement of goods across borders is a central feature of economic globalisation, facilitated by international trade agreements and supply chains. This enables consumers to access a wide range of products from different parts of the world.

Overall, economic globalisation has both positive and negative impacts on economies, societies, and the environment. It is important for policymakers to address the challenges associated with economic globalisation while harnessing its potential benefits for sustainable and inclusive development.

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