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What is globalisation in detail |
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Answer» The interconnection and interlinking between countries is known as globalisation. Globalisation is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs). Increase in foreign trade, migration of people from one country to another, the flow of capital finance from one country to another and private and public investments from foreign countries all together contribute to globalisation. Globalisation means free interactions of the economy with the economics of the rest of the world.. |
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