SSC MTS EXAM

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: -Global integration means the process with which the local Indian market opens up to the global economy. Consequently, it amounts to letting foreign factors influence India’s local business environment.