GENERAL KNOWLEDGE

Detailed explanation-1: -Globalisation is the process of rapid integration or interconnection of countries. MNCs are playing a major role in the process of globalisation. More and more goods and services, investments, and technologies are moving between countries.

Detailed explanation-2: -Globalization-the integration of people with world markets-is perhaps the most significant and pervasive economic development of the late 20th and early 21st Centuries. It is the subject of a small but growing body of empirical economic research at the national and multi-national levels.

Detailed explanation-3: -Globalization, or globalisation as it is known in some parts of the world, is driven by the convergence of cultural and economic systems. This convergence promotes–and in some cases necessitates–increased interaction, integration and interdependence among nations.