Which of the statements are true about globalisation?a)Globalisation i...
Globalisation is about worldwide interconnectedness. It is the process by which businesses, economies, and societies become increasingly integrated and interconnected on a global scale. It involves the exchange of goods, services, information, and ideas across national boundaries. Globalisation impacts various aspects of our lives, including the economy, culture, politics, and environment.
Globalisation is not limited to just the movement of commodities. While the exchange of goods is an important part of globalisation, it also encompasses the movement of services, capital, technology, and knowledge. This includes the outsourcing of services such as customer support, IT development, and manufacturing, as well as the movement of people for work and education purposes.
Globalisation does involve a conflict of values. As different cultures and societies come into contact with each other, there can be clashes of ideologies, norms, and beliefs. This can lead to cultural tensions and debates over issues such as human rights, environmental standards, and labor practices. Globalisation can challenge traditional values and ways of life, leading to both positive and negative outcomes.
Services are not an insignificant part of globalisation. In fact, the service sector has become increasingly important in the global economy. Services include activities such as banking, tourism, telecommunications, healthcare, and education. The growth of information and communication technologies has facilitated the global provision of services, allowing businesses to operate across borders and consumers to access services from anywhere in the world.
The correct answer is option 'D' - Globalisation is about worldwide interconnectedness. It involves the movement of goods, services, information, and ideas across national boundaries. It also encompasses a conflict of values and the significant role of services in the global economy.
Which of the statements are true about globalisation?a)Globalisation i...
The worldwide interconnectedness implies to interlink the world through free flow of goods and services, technology, ideas and people across the globe to extend globalisation.