Globalisation


 
 
Concept Explanation
 

Globalisation

Globalisation : Globalisation is the process of rapid integration interconnection between countries. Due to greater for investment and great foreign trade there are an integration markets as well as production centers. In the process of globalisation, MNCs are playing major role more and more goods and services, investments, technology is moving between countries of the world. In past 20 years, more and more MNCs have been looking for locations around the world which would be cheap their production. Foreign investment by MNCs in this country has been rising.

For example- Ford Motors’ car manufacturing plant in India produces cars and car components both for the lndian markets as well as for export around the world. Activities of most MNCs involve substantial trade in goods and services.

 
 


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