Economics
Answer
Globalisation is the process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. MNCs are critical drivers of international trade. They account for a significant share of global exports and imports. By operating across borders, MNCs help integrate countries through investments and trade. More and more goods and services, investments and technology are moving between countries. Most regions of the world are in closer contact with each other than a few decades back.
Related Questions
In recent years China has been importing steel from India. Explain how the import of steel by China will affect.
(a) steel companies in China.
(b) steel companies in India.
(c) industries buying steel for production of other industrial goods in China.
How will the import of steel from India into the Chinese markets lead to integration of markets for steel in the two countries? Explain.
What are the various ways in which countries can be linked?
Choose the correct option.
Globalisation, by connecting countries, shall result in
- lesser competition among producers.
- greater competition among producers.
- no change in competition among producers.