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Which of the following organisations said that globalisation is “a shift from a world of distinct national economies to a global economy in which production is internationalised and financial capital flows freely and instantly between countries”?
  • a)
    IMF
  • b)
    OECD
  • c)
    ADB
  • d)
    World Bank
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following organisations said that globalisation is &ldquo...
Understanding the Definition of Globalisation
  • Globalisation Definition by OECD: The Organisation for Economic Co-operation and Development (OECD) defined globalisation in 1995 as a transformation from separate national economies to a global economy where production is globalized, and financial capital moves freely between nations.
Globalisation, as per OECD, signifies the integration and interconnectedness of economies worldwide, enabling the international movement of goods, services, and capital.
Example of Globalisation
  • Technology Sector: The technology industry exemplifies globalisation, with companies like Apple and Samsung producing goods in various countries, selling them globally, and accessing capital markets worldwide.
This example illustrates how globalisation facilitates the exchange of products and services on a global scale, impacting economies and businesses across borders.
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Which of the following organisations said that globalisation is “a shift from a world of distinct national economies to a global economy in which production is internationalised and financial capital flows freely and instantly between countries”?a)IMFb)OECDc)ADBd)World BankCorrect answer is option 'B'. Can you explain this answer?
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Which of the following organisations said that globalisation is “a shift from a world of distinct national economies to a global economy in which production is internationalised and financial capital flows freely and instantly between countries”?a)IMFb)OECDc)ADBd)World BankCorrect answer is option 'B'. Can you explain this answer? for UGC NET 2025 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Which of the following organisations said that globalisation is “a shift from a world of distinct national economies to a global economy in which production is internationalised and financial capital flows freely and instantly between countries”?a)IMFb)OECDc)ADBd)World BankCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UGC NET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following organisations said that globalisation is “a shift from a world of distinct national economies to a global economy in which production is internationalised and financial capital flows freely and instantly between countries”?a)IMFb)OECDc)ADBd)World BankCorrect answer is option 'B'. Can you explain this answer?.
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