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प्रश्न
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
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उत्तर
Foreign trade has been integrating markets of different countries, as it allows the producers to cross international boundaries for cheap raw materials. The manufactured goods and services can now be sold in various markets of different countries. With many MNCs in the market, the consumer now has a wide range of products coming from different nations to choose from. Foreign trade therefore, interlinks various markets across the countries. For example, Cargill Foods India an American MNC refines a wide range of edible oils which are marketed locally and imported edible vegetable oils for the food industry. They serve customers with the brands such as Leonardo range of olive oils, Nature fresh, Gemini, Sweekar, Rath, Sunflower Vansapati etc. They are the single largest edible oil producer in India.
संबंधित प्रश्न
What is meant by trade barrier?
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
Differentiate between investment and foreign investment.
How has liberalisation of trade and investment policies helped the globalisation process?
Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Analyze the contribution of foreign investment in globalization.
Cheaper imports, inadequate investment in infrastructure lead to:
Foreign trade results in connecting the markets or integration of markets:
Foreign Trade creates an opportunity for the producers to:
"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'?
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
