vi. Identify the correct statements about globalization. Removal of barriers by the government; Foreign companies are allowed to set up factories; Has enabled all companies to increase their investments; Has lessened foreign investment and foreign trade; OPTIONS: a. I & II. b. II & III. c. I & III. d. II & IV. Ans. Option (a) vii. Tax on.

Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result.

Globalization is a complicated and ever-changing process that has both good and bad aspects. Globalization, with the door to many countries open to one another, will continue. The primary goal, then, is to ensure that countries and independent financial actors work in harmony with one another for the betterment of everyone. Additional Resources