Assertion : Globalisation is the process of rapid integration or inter...
Introduction:
Globalisation is the process of rapid integration or interconnection between countries. It involves the exchange of goods, services, investments, and technology on a global scale. In this response, we will discuss the assertion that globalisation is the process of rapid integration or interconnection between countries and the reason behind it.
Explanation:
Assertion: Globalisation is the process of rapid integration or interconnection between countries.
Globalisation can be understood as the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. It involves the integration of economies, cultures, and societies on a global scale. The assertion that globalisation is the process of rapid integration or interconnection between countries is correct and can be supported by various factors:
1. Trade: Globalisation has led to an exponential increase in international trade. Countries are now more interconnected through the exchange of goods and services, facilitated by advancements in transportation and communication technology. Trade agreements and organizations like the World Trade Organization (WTO) have further promoted global trade.
2. Investments: Globalisation has encouraged foreign direct investments (FDIs) across countries. Companies invest in other countries to expand their markets, access resources, and reduce production costs. This has resulted in the integration of national economies and increased economic interdependence.
3. Technology: Technology has played a crucial role in facilitating globalisation. The rapid advancements in communication and information technology have made it easier for countries to connect and exchange information. The internet has revolutionized global communication, making it possible to collaborate and conduct business across borders.
4. Cultural Exchange: Globalisation has led to the exchange of cultural ideas, practices, and traditions. People from different countries can now easily travel, study, work, and live in other countries, leading to a blending of cultures. This cultural exchange promotes understanding and tolerance between nations.
Reason: More and more goods and services, investments, and technology are moving between countries.
The reason behind the assertion is that globalisation is characterized by the increasing flow of goods, services, investments, and technology between countries. This can be explained as follows:
1. Global Supply Chains: Companies now operate global supply chains, where different stages of production are located in different countries. Components and raw materials are sourced from various countries, assembled in another, and then distributed globally. This movement of goods and services across borders is a key aspect of globalisation.
2. Foreign Direct Investments (FDIs): Companies invest in foreign countries to take advantage of various factors such as lower labor costs, access to resources, and new markets. These investments involve the movement of capital and technology between countries, leading to greater integration and interconnection.
3. Technological Advancements: Technological advancements have facilitated the exchange of goods, services, and information across borders. E-commerce platforms enable companies to sell products globally, while digital services can be accessed from anywhere in the world. This movement of technology and information supports globalisation.
4. Global Communication: Communication technology has made it easier for people and businesses to connect and collaborate across borders. Video conferencing, instant messaging, and social media platforms enable real-time communication, fostering global integration.
In conclusion, globalisation is indeed the process
Assertion : Globalisation is the process of rapid integration or inter...
Both are true...
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