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Refers to global activities to replace local
Refers to global activities to replace local
Delocalization
Refers to the removal of government control over various aspects of the industry in order to attract more foreign investment.
Refers to the removal of government control over various aspects of the industry in order to attract more foreign investment.
Globalization
What best defines globalization?
What best defines globalization?
- A process of slow and controlled movement of goods and services.
- A process of rapid flow or movement of people, things, information, and products. (correct)
- The act of isolating economies from international trade.
- A procedure to establish local businesses without any outside influence.
Which term describes the union of countries with common goals to form a promoting organization?
Which term describes the union of countries with common goals to form a promoting organization?
What does the term 'mobility' refer to in the context of globalization?
What does the term 'mobility' refer to in the context of globalization?
Which of the following best describes 'liberalization'?
Which of the following best describes 'liberalization'?
What is the meaning of 'de-localization' in a global context?
What is the meaning of 'de-localization' in a global context?
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Study Notes
Meaning and Related Concepts of Globalization
- Globalization is a process characterized by the rapid flow of people, goods, information, and products across geographical boundaries.
- It has significantly impacted various aspects of human life, shaping the modern world.
- De-localization involves replacing local activities with global ones.
- Deregulation removes government control from industries to encourage foreign investment.
- Integration promotes the unification of countries with shared goals, fostering cooperation.
- Liberalization allows for the unrestricted movement of goods between countries.
- Mobility focuses on streamlining the movement of goods, services, people, communication, and transportation.
- Privatization involves transferring government assets to private individuals or corporations to reduce government expenses and potentially improve service quality.
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