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What is globisation

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What is globisation
  • 4 answers

Somiya Mandal 4 years, 11 months ago

Globalisation refers to worldwide interconnectedness based on interdependence . It is the process of exchange of ideas , commodities , capitals and people.

Somiya Mandal 4 years, 11 months ago

It's comes for just 2 marks so it should be shortly described not so long

Davinder Chawla 4 years, 11 months ago

Thanks bro

Gaurav Seth 4 years, 11 months ago

  • Globalisation means the flows of ideas, capital, commodities and people across different parts of the world. It is a multidimensional concept. It has political, economic and cultural manifestations and these must be adequately distinguished.
  • Globalisation need not always be positive. It can have negative consequences for the people.
  • As a concept, globalisation fundamentally deals with flows. These flows can be ideas moving from one part of the world to another, commodities being traded across borders and so on.
  • The crucial element is the worldwide inter connectedness which is created and sustained as a consequence of these constant flows.
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