What is globalisation? What is the role of MNCs in the globalisation process?

cbse
economics
globalisation-indian
cbse-class-10
cbse-class-10-social

#1

What is globalisation? What is the role of MNCs in the globalisation process?

Answer:
Globalisation is the process of rapid integration or interconnection between countries.

  • MNCs are playing a major role in the globalisation process.
  • More and more goods and services, investments and technology are moving between countries.
  • Most regions of the world are in closer contact with each other than a few decades back