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Question 12. i) l They compete with the local producers directly even after being miles apart, thus integrating the markets. • More and more goods and services, investments and technology are moving between countries. ... integration or interconnection between countries is known … MNCs are spreading their production across countries in order to reduce cost and earn higher profits. at global level, also with the influences of other aspects related to cultural and social environment. Globalisation is the process of rapid integration or interconnection between countries through foreign trade and foreign investments. Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. Ans. Globalisation has led to improvement in living conditions: (a) of all the people (b) of people in the developed countries (c) of workers in the developing countries (d) none of the above. It is known as liberalisation. Answer. MNCs play an important role in the globalisation process. As a result of greater foreign investment and greater foreign trade, there is greater integration of production and markets across countries. (1) Globalisation is the process of rapid integration or interconnection between countries. shahbazalam987p65ymd shahbazalam987p65ymd 19.01.2019 Globalisation is this process of rapid integration of interconnection between countries. More and more goods and services, investments and technology are moving between countries. C. Liberalisation. Rapid integration or interconnection between countries is known as: (a) Privatisation (b) Globalisation (c) Liberalisation (d) Socialisation. Thus liberalisation has enabled MNCs to increase their investments in other countries as India. 2. Rapid integration between countries is known as _____ . Globalization has accelerated since the 18th century due to advances in transportation and communication technology. 3. More and more goods and services, investments and technology are moving between countries. A. Factors that have enabled globalisation • Rapid improvement in technology has been one major factor that has stimulated the globalisation process: 2. Answers: Globalisation is the process of rapid integration or interconnection between countries. Answer Globalisation is the process of rapid integration or interconnection between countries. Most regions of the world are now in close contact with each other. Which is the process of rapid integration or interconnection between countries called Get the answers you need, now! 3. • It is the process of rapid integration or interconnection between countries. Ques 2 The past two decades of globalisation has seen rapid ... investments and people between countries. Due to which reason the latest models of different items are available within our reach? Ans. Rapid improvement in technology has stimulated the globalization process. B. Globalisation. 4. International trade. Globalization and interdependence between countries Globalization is a process of international integration, and its development is due to increased exchange of products, services, etc. ... Globalisation is the process of rapid integration or inter connecting between countries. Question 5. MNCs are playing a major role in the process of globalisation. Multinational corporations (MNCs) are playing a major role in the globalization process. Most regions of the world are in closer contact with each other than a few centuries back. D. Privatisation. ... rapid interconnection between countries: 4. Globalization is the process of rapid integration or interconnection between countries. MEDIUM. Answer: True. Globalisation is the process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. ... Ans. 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