What is Worldwide Interconnectedness? What Are Its Components? - Political Science

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Short Note

What is worldwide interconnectedness? What are its components?

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Solution

The worldwide interconnectedness implies to interlink the world through free flow of goods and services, technology, ideas and people across the globe to extend globalisation.

This contains three components :-

  1. Capital Flow :- It is the flow of resources through loans or business investments among the countries.
  2. Trade Flows of Goods :- It refers to exchange of goods among countries.
  3. Labour Flow :- It refers to ‘Brain drain’ by creating favourable conditions for employment.
Concept: Globalisation
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Chapter 9: Globalisation - Exercises [Page 148]

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NCERT Class 12 Political Science - Contemporary World Politics
Chapter 9 Globalisation
Exercises | Q 6 | Page 148

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