10 Questions
What is the main factor driving greater integration of production and markets across countries?
Foreign investment by MNCs
In addition to goods and services, what else contributes to the connection between countries?
Movement of people
What is an example of how MNCs participate in foreign trade?
Exporting cars to developing countries and exporting car components globally
What has been a significant outcome of the increased foreign investment by MNCs?
Greater integration of production and markets across countries
What is the primary reason for people moving between countries?
In search of better income, jobs, or education
What is the role of MNCs in the process of globalisation?
MNCs play a major role in the globalisation process by facilitating the movement of goods, services, investments, technology, and people between countries.
How does foreign trade contribute to the globalisation process?
Foreign trade, often controlled by MNCs, leads to greater integration of production and markets across countries, thus contributing to the globalisation process.
What are some examples of the impact of foreign investment by MNCs on foreign trade?
MNCs, such as Ford Motors, establish manufacturing plants in countries like India, not only catering to the local market but also exporting products and components to other countries, thereby influencing foreign trade.
What are the reasons for people moving between countries, as mentioned in the text?
People usually move from one country to another in search of better income, better jobs, or better education.
What is the main outcome of the increased foreign investment and trade by MNCs?
The main outcome is the greater integration of production and markets across countries, leading to the process of globalisation.
Test your knowledge on the impact of multinational corporations (MNCs) on global trade and investment. Explore the influence of MNCs in foreign trade and investment, and their role in shaping the global economy.
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