SSC MTS EXAM

Detailed explanation-1: -Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies.

Detailed explanation-2: -This global interdependence encompasses areas like finance, trade, communication, technology, movement of people, and exchange of ideas, with far-reaching implications for national development strategies and objectives.

Detailed explanation-3: -How does economic interdependence affect the world? Economic interdependence creates a global market where goods, products, and jobs can flow freely across borders. This increased cross-border interaction promotes international relations and an efficient trading system among economies.

Detailed explanation-4: -Explanation: The Dependence of nations on other countries for goods and services led globalization as foster interdependence among countries. Globalization further increases economic dependence on goods and services from other countries.