ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Cultural and economic globalization have caused countries to become more connected politically. Countries frequently cooperate to enact trade agreements. They work together to open their borders to allow the movement of money and people needed to keep economic globalization working.

Detailed explanation-2: -Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment. This process has effects on the environment, culture, political systems, and on economic development.

Detailed explanation-3: -Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Detailed explanation-4: -Improved transport, making global travel easier. Containerisation. Improved technology which makes it easier to communicate and share information around the world. Growth of multinational companies with a global presence in many different economies. More items •06-Apr-2021