Globalization is the term used to describe process of removal of restriction on which one of the following ?
Both (1) and (2)
Globalization is the process of integrating the domestic economy with the world economy.
It involves removing restrictions on foreign trade (lowering tariffs and quantitative controls on imports and exports), so that goods and services flow freely across borders.
It also involves removing restrictions on investment (allowing foreign direct and portfolio investment), so that capital flows freely across borders.
Since globalization covers the removal of barriers on both trade and investment, both items apply together.
Hence, the answer is Both (1) and (2).
Similar Questions
In the context of globalization, ‘Levitt Thesis’ means
Indicate the right sequence of the stages of internationalization :
(i) Multinational Company
(ii) Global Company
(iii) Transnational Company
(iv) International Company
Codes :
Assertion (A) : The USA remains the world’s largest FDI recipient country.
Reason (R) : The global economic crisis of 2009, causes a reduction of global FDI flows took place to USA.
Select the correct code :
Codes :
Which of the following is not ensured to the consumer in the globalization ?
Assertion (A) : International business has grown in more recent years at a faster pace than global production.
Reason (R) : Growth through trade has increased, but growth through foreign direct investment has not.
Codes :
Important Questions from Globalization and its drivers
Match List I with List II.
List I (A.T. Kearney Globalization Index)
List II (Variables)
A.
Economic Integration I.
International Tourism and Travel B.
Personal Integration II.
Internet users
C.
Technological Integration
III.
Foreign Direct Investment
D.
Political Integration
IV.
Ratification and multilateral treaties
Choose the correct answer from the options given below:In the context of globalization, ‘Levitt Thesis’ means
Indicate the right sequence of the stages of internationalization :
(i) Multinational Company
(ii) Global Company
(iii) Transnational Company
(iv) International Company
Codes :
Assertion (A) : The USA remains the world’s largest FDI recipient country.
Reason (R) : The global economic crisis of 2009, causes a reduction of global FDI flows took place to USA.
Select the correct code :
Codes :
Which of the following is not ensured to the consumer in the globalization ?
