Question

Give two opportunities created by globalisation.

State any two opportunities of globalisation.

Answer 1

Globalisation offers the following opportunities:

1. As a result of globalisation, businesses are exposed to global competition. To succeed in global marketplaces, businesses must increase operational efficiency, save expenses, and boost quality.
2. Globalisation will improve resource allocation efficiency, lower the capital-output ratio, and boost worker productivity in poorer nations. It has the potential to boost exports and bring in more foreign technology and cash.
3. The pattern of production and commerce will be restructured in favour of labour-intensive technologies and items as a result of globalisation. Growth will accelerate when the capital-output ratio declines.
4. As time goes on, there will be more job options. With the opening of these sectors to international banks and capital, the banking and financial sectors will become more efficient.