Question

"Globalisation is the process of rapid integration or interconnection between countries." Explain the statement with examples.

Answer 1

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.