Rapid Integration or interconnection between countries is known as:a)Privatisationb)Globalisationc)Liberalisationd)SocialisationCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

Correct answer is option B that is Globalisation .
Because more and more goods and services , investments and technology are moving between countries.
there is one more way in which the countries can be connected . This is through the movement of people between countries. MNCs are playing major role in globalisation process .

Answer

Globalisation is the process of rapidintegration or interconnection of countries. ... More and more goods and services, investments and technology are movingbetween countries. There is one more way in which the countries can be connected. This is through the movement of people between countries.

Answer

Globalisation is the process of rapid integration or interconnection of countries. MNCs are playing a major role in the globalisation process.

More and more goods and services, investments and technology are moving between countries.
There is one more way in which the countries can be connected. This is through the movement of people between countries.

In other words, Globalisation can be defined as the opening of nationalistic and local outlooks to a broader perspective of an interlinked and interdependent world with free transfer of – goods, capital and services across the national borders.

Answer

Globalisation...

Answer

Globalisation.

Answer

ANSWER

Globalisation is the process of rapid integration or interconnection between countries.

It integrates the country with other economies of the world through trade, capital flow and technology.

Answer

Globalisation is the rapid integration or interconnection between countries. It refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. This process is driven by advancements in technology, communication, transportation, and trade liberalization.

Factors leading to Globalisation:
Globalisation is influenced by several factors including:

1. Advancements in technology: Technological advancements, especially in transportation and communication, have made it easier and faster to move goods, services, and information across borders. This has facilitated global trade and the exchange of ideas.

2. Trade liberalization: The reduction of trade barriers such as tariffs and quotas has encouraged international trade and investment. Countries have increasingly opened up their economies to foreign competition, allowing for the flow of goods and services across borders.

3. Increased mobility: The ease of travel and migration has increased, allowing people to move more freely across borders. This has led to the exchange of knowledge, cultures, and ideas between countries.

4. Global financial systems: The integration of global financial markets has facilitated cross-border investment and capital flows. This has allowed businesses and individuals to access capital and investment opportunities from around the world.

Impacts of Globalisation:
Globalisation has had both positive and negative impacts on countries and individuals. Some of the key impacts include:

1. Economic growth: Globalisation has led to increased economic growth, as countries have access to larger markets and can benefit from economies of scale. It has also allowed for the development of new industries and the creation of jobs.

2. Increased standard of living: Globalisation has led to increased access to goods and services, improving the standard of living for many people. It has also allowed for the spread of technology and knowledge, improving productivity and efficiency.

3. Cultural exchange: Globalisation has facilitated the exchange of cultures, ideas, and values between countries. This has led to greater diversity and understanding among people from different backgrounds.

4. Income inequality: Globalisation has also contributed to income inequality, as some individuals and countries benefit more than others. It has led to the outsourcing of jobs to countries with lower labor costs, resulting in job losses in some industries.

In conclusion, globalisation refers to the rapid integration and interconnection between countries. It is driven by technological advancements, trade liberalization, increased mobility, and global financial systems. It has had both positive and negative impacts on countries and individuals, including economic growth, increased standard of living, cultural exchange, and income inequality.

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