Rapid integration between countries is known as:
Globalisation
The question asks for the term that describes the rapid integration occurring between countries. Integration between countries can happen in various ways, including economic, social, cultural, and political aspects.
Let's examine the given options:
Based on the definitions, Globalisation is the most accurate term to describe the rapid integration that occurs between countries across various dimensions like economic, social, and cultural.
Globalisation directly addresses the phenomenon of countries becoming more integrated and interconnected. The "rapid" aspect highlights the accelerating pace of this integration in recent decades due to advancements in technology, communication, and transportation, as well as policy changes like liberalization.
| Term | Meaning | Relation to International Integration |
|---|---|---|
| Globalisation | Increasing interconnectedness and interdependence of countries (economic, cultural, social). | Directly describes the rapid integration between countries. |
| Liberalization | Removal of economic restrictions. | A policy that facilitates globalisation, but not the overall integration itself. |
| Modernisation | Adoption of modern ways. | A broad societal change, indirectly related as modern tech aids globalisation. |
| Privatisation | Transfer of public assets to private ownership. | An internal economic policy, not international integration. |
Globalisation is a multifaceted phenomenon with significant impacts worldwide. Key drivers include:
The effects of globalisation are debated, involving both potential benefits (e.g., economic growth, cultural exchange) and challenges (e.g., increased inequality, environmental concerns, cultural homogenization).
Division of labour often involves
1. specialized economic activity.
2. highly distinct productive roles.
3. involving everyone in many of the same activities.
4. individuals engage in only a single activity and are dependent on others to meet their various needs.
Select the correct answer using the code given below:
________ capital refers to the variety of raw material and money in hand during the production.
The Goods and Services Tax allowed India to become:
Which of the following is an example of primary activity of the economic sector of India?
Which of the following taxes was introduced in India to achieve the goal of 'One Nation, One Tax, One Market'?