globalisation

Question 1

by what is a large part of foreign trade increasing?

Answer 1

MNCS

Question 2

WHAT IS THE RESULT OF GREATER FOREIGN INVESTMENT AND FOREIGN TRADE?

Answer 2

greater integration of production and markets accross countries

Question 3

what is globalisation?

Answer 3

rapid integration and interconnection between countries.

Question 4

what are the ways of different countries connecting?

Answer 4

movement of goods
movement of people between countries for various reasons

Question 5

factors which have enabled globalisation?

Answer 5

technology
liberalisation

Question 6

what are the kinds of technology which have helped in globalisation?

Answer 6

transportation technology
information and communication technology

Question 7

give an example of trade barrier

Answer 7

tax on imports

Question 8

why did the Indian govt put barriers on foreign trade after independence ?

Answer 8

to protect the country’s producers from foreign competition

Question 9

when did the govt decide the time had come for Indies producers to face foreign producers

Answer 9

1991