IGNOU MPCE 32 2017 2018 - Explain the concept and driving factors of Globalisation.

Question

Explain the concept and driving factors of Globalisation.

29 Aug 2017

Answer :

Word Count : 328

Globalisation refers to the integration of markets in the global economy, leading to the increased interconnectedness of national economies. Markets where globalisation is particularly common include financial markets, such as capital markets, money and credit markets, and insurance markets, commodity markets, including markets for oil, coffee, tin, and gold, and product markets, such as markets for motor vehicles and consumer electronics.

• Multinationals (businesses that operate in more than one country) want to increase sales, profits and shareholder value. Globalisation provides that opportunity
• The barriers to international

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