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Questions and Answers
What is globalisation primarily about?
What is globalisation primarily about?
- Restricting the movement of goods and services
- Integration of production and markets across countries (correct)
- Decreasing foreign investments
- Promotion of isolationism in economies
Which role do MNCs play in the globalisation process?
Which role do MNCs play in the globalisation process?
- Minor role
- Obstructing the globalisation process
- Major role (correct)
- No role at all
What has limited the movement of people between countries in recent decades?
What has limited the movement of people between countries in recent decades?
- Various restrictions (correct)
- Technological advancements
- Lack of interest in migration
- Increased opportunities
Apart from goods, services, investments, and technology, how else can countries be connected?
Apart from goods, services, investments, and technology, how else can countries be connected?
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What has led to most regions of the world being in closer contact with each other?
What has led to most regions of the world being in closer contact with each other?
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Study Notes
Globalization
- Globalization is the process of rapid integration or interconnection between countries.
- Greater foreign investment and foreign trade have led to greater integration of production and markets across countries.
Factors Contributing to Globalization
- Multinational Corporations (MNCs) play a major role in the globalization process.
- There is an increased movement of goods, services, investments, and technology between countries.
Connecting Countries
- Regions of the world are now in closer contact with each other compared to a few decades ago.
- Countries can be connected through the movement of people between countries, in addition to goods, services, investments, and technology.
International Migration
- People move from one country to another in search of better income, jobs, or education.
- However, there has not been a significant increase in international migration in the past few decades due to various restrictions.
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