Question

Globalisation means–

Answer 1

Globalisation is the increasing economic interdependence of national economies across’ the world through a rapid increase in cross-border movement of goods, service, technology and capital.

It has been largely accounted by developed economies integrating with less developed economies by means of foreign direct investment, the reduction of trade barriers and in many cases cross border immigration.

The economies who are signatories to the process of globalisation, for then there will be nothing like foreign or indigenous goods and services, capital and labour. Here, production is internationalised and financial capital flows freely and instantly between countries.