Question

What are the advantages of globalization?

Answer 1

(a) Globalisation has increased trade among the nations.
(b) It has led to FDI in the developing countries and momentum to economic growth.
(c) It has linked media across the globe and facilitated the information, educational and cultural exchange.
(d) It has enhanced awareness and improved the living standard.
(e) There is an increase of production of goods and services and has given a wide choice to the consumers.
(f) It has facilitated understanding among the nation.