Globalisation and Its Impact Quiz

Globalisation is the economic integration and interdependence of nations as a result of free flow of capital, labour, goods and services, and exchange of technology irrespective of boundaries.

Free trade agreements on reduction of import tariffs and taxes among nations made imports and exports easier.

Market-friendly economic policies led to better relations among countries, resulting in the world becoming a single market.

<p>Technological advancements such as computers, mobile phones, internet, container ships, flights, and bullet trains contributed to improved communication and faster transportation, aiding in the process of globalisation.</p> Signup and view all the answers

<p>The free flow of labour and transfer of technology increased the interconnectedness of nations and facilitated globalisation.</p> Signup and view all the answers

<p>New economic policies that completely disregard government control in order to attract foreign capital investment.</p> Signup and view all the answers

<p>The World Bank and the International Monetary Fund (IMF).</p> Signup and view all the answers

<p>The growth of multinational companies has strengthened globalisation.</p> Signup and view all the answers

<p>Developing countries reduced their control to attract foreign capital investment.</p> Signup and view all the answers

<p>The World Trade Organisation (WTO).</p> Signup and view all the answers