Question

Explain any two arguments given in favour of economic globalization.

Answer 1

Here are two arguments in favour of economic globalisation in point format:

1. Greater Economic Growth: Economic globalisation promotes cross-border trade, allowing each country to specialise in areas where they best. This results in more efficient resource use and improves the global economy.
2. Enhanced Global Integration: It increases global interdependence by connecting governments, businesses, and individuals, leading to greater opportunities and improved well-being worldwide.