Question

Which of the following are a few striking features of modern globalisation?

• A. Mobilisation of capital and investment across countries
• B. Growth of trade in services
• C. Evolution of cross-border trade
• D. Trade expansion by MNCs

Answer 1

Answer: (A), (B), (D)

Trade expansion by MNCs

The modern globalisation process started in the 19th century. This phase is marked by the expansion of trade across the world. In fact, we have evidence of cross-border trade from many ancient civilisations. Today, MNCs are expanding trade across countries by mobilising capital and investment. Moreover, the growth of trade in service is evident during this stage.