GLOBALISATION LESSON 5
What is worldwide interconnectedness? Whatare its components Answer: The worldwide interconnectedness implies to interlink the world through free flow of doods and services, technoloqy, ideas and people across the globe to xtend globalisation. This contains three components: Capit l Flow: It is the flow of resources through loans or business investments amonq the countries. Trade Flows of Goods: It refers to exchange of goods among countries. Labour Flow: It refers to Brain drain' by creating favourable conditions for employment
How has globalisation impacted on India and how is India in turn impacting on globalisation? Answer: Impact of Globalisation on India MNC like the cell phones, fast food etc. Foreign Direct Investment h s increased Inflow of foreign capital (private)
Do you agree with the argument that globalisation leads to cultural heterogeneity? Answer: Cultural consequences do not assume to lead to cultural heterogeneity only. All cultures accept outside influences all the time. Some external influences may be negative even to reduce our choices.
Educational background- I am a Post Graduate in Commerce from St. Xavier's College , Kolkata and working as an Educator in Unacademy .