Question

As a result of globalization, which of the following has uninterrupted flow among different countries ?

• A. Capital
• B. Technology
• C. Labour
• D. All of these

Hint:

Globalization is about breaking down barriers. Think about what can move more easily between countries now than 50 years ago: Money (Capital), Ideas (Technology), and People (Labour). All have seen increased flow.

Answer 1

The Correct Option is D

Step 1: Understanding the Concept:
Globalization refers to the increasing interconnectedness and integration of national economies through trade, investment, and the flow of capital, labor, and technology across international borders.

Step 2: Detailed Explanation:
Globalization has facilitated the greater movement of several factors across countries: \[\begin{array}{rl} \bullet & \text{Capital: Financial capital (investments) flows freely across borders in the form of Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII).} \\ \bullet & \text{Technology: Technological know-how, patents, and processes are shared and transferred between countries through multinational corporations, collaborations, and trade.} \\ \bullet & \text{Labour: While the movement of labor is often more restricted by immigration policies compared to capital, globalization has certainly led to an increased flow of skilled and unskilled labor between countries.} \\ \end{array}\] Since globalization has led to a greater, though not entirely unrestricted, flow of capital, technology, and labor, the most comprehensive answer is "All of these". The term "uninterrupted" should be interpreted as "less restricted" in this context.

Step 3: Final Answer:
As a result of globalization, capital, technology, and labor have a greater and less interrupted flow among different countries.