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Describe any three ways in which countries can be linked through globalization. - Economic Applications

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Question

Describe any three ways in which countries can be linked through globalization.

Short Answer
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Solution

  1. Movement of goods and services: International trade and global supply chains connect producers and consumers across countries.
  2. Movement of investments and technology: Foreign direct investment, multinational companies, joint ventures, takeovers, and cross‑border technology transfer tie national economies together.
  3. Movement of people: Migration, tourism, international labour (e.g., skilled workers, call‑centre staff), and student exchange spread skills, remittances, and cultural links.
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Chapter 13: Globalisation - QUESTION BANK [Page 183]

APPEARS IN

J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 13 Globalisation
QUESTION BANK | Q 11. | Page 183
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 12 LPG Model (or New Economic Policy)
QUESTION BANK | Q 13. | Page 197
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