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प्रश्न
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
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उत्तर
In general, with the opening of trade, goods travel from one market to another. The choice of goods in the markets rises. Prices of similar goods in the two markets tend to become equal. And, producers in the two countries now closely compete against each other even though they are separated by thousands of miles. Foreign trade thus results in connecting the markets or integration of markets in different countries.
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संबंधित प्रश्न
What is meant by trade barrier?
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
Which one of the following has been the major source of foreign exchange for IT industry?
(A) Bharat Heavy Electricals Limited
(B) Oil India Limited
(C) Steel Authority of India Limited
(D) Business Process Outsourcing
What is the meaning of 'investment'?
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between investment and foreign investment.
Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.
Entry of MNCs in a domestic market may prove harmful for:
Integration of markets means:
Foreign trade results in connecting the markets or integration of markets:
Which of the following was the main channel connecting distant countries was:
"Foreign trade has been the main channel of connecting countries for a long time." Analyse the statement.
Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:
- The choice of goods in the markets increase.
- Producers from two countries closely compete against each other despite the distance between their locations.
- Foreign trade thus results in connecting the markets or integration of markets in different countries.
- The quality of the product is always good.
Which one of the following statements best describes the meaning of 'Globalisation'?
