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“Globalization is the worldwide economic movement” substantiate your |
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Answer» Recently globalization has achieved great progress in the economic growth in developing countries. The great achievements in technology, communication and internet communica¬tion systems have made a large business unit as global units. The economic activities of these large business units are not confined only to the places where they are established but spread all over the world. It is the increasing crossborder movement of goods and services. It is the worldwide phenomenon of technical, economic, political and cultural exchanges. Globalization opens cross-border links in international trade and finance.It increases the international flow of capital including foreign investments etc. |
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