ECONOMICS
TECHNOLOGY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
the reduction of tariffs in some manufacturing industries.
|
|
|
an improvement in telecommunications technology.
|
|
|
more free trade agreements.
|
|
|
an increase in rates of taxation paid by multinational firms.
|
Detailed explanation-1: -These factors include: the digital revolution; international economic integration; socio-cultural convergence; global education providers; cross-border political influence; financial liberalisation; intense competition; increased international business and trade; and the need for economies of scale.
Detailed explanation-2: -In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge.
Detailed explanation-3: -Three suggested factors accelerated economic globalization: advancement of science and technology, market oriented economic reforms, and contributions by multinational corporations.
Detailed explanation-4: -(d) Nationalisation of banks has not facilitated globalisation. Explanation:-Nationalisation of banks in India initiated in 1969 because of socialistic principles of government.-Liberalisation, Privatisation and Globalisation (LPG) reforms started in 1991. More items