"Globalisation is the process of rapid integration or interconnection between countries." Explain the statement with examples.
Solution and Explanation
Globalization refers to the increasing interconnection of countries through trade, technology, and culture.
• Trade and Commerce: Countries now trade goods and services globally. For example, Indian textiles are exported to Europe.
• Technology Transfer: Advanced technologies are shared between nations. Multinational companies (MNCs) like Apple operate globally.
• Cultural Exchange: Globalization has led to the spread of food, fashion, and ideas across borders.
• Employment Opportunities: MNCs like Amazon and Google have created jobs in developing nations like India.
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