Advertisements
Advertisements
Question
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
Solution
In general, with the opening of trade, goods travel from one market to another. The choice of goods in the markets rises. Prices of similar goods in the two markets tend to become equal. And, producers in the two countries now closely compete against each other even though they are separated by thousands of miles. Foreign trade thus results in connecting the markets or integration of markets in different countries.
APPEARS IN
RELATED QUESTIONS
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
Differentiate between investment and foreign investment.
Which one of the following has been the major source of foreign exchange for IT industry?
(A) Bharat Heavy Electricals Limited
(B) Oil India Limited
(C) Steel Authority of India Limited
(D) Business Process Outsourcing
What is the meaning of 'investment'?
How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between investment and foreign investment.
Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Analyze the contribution of foreign investment in globalization.
Integration of markets means:
Cheaper imports, inadequate investment in infrastructure lead to:
Foreign trade results in connecting the markets or integration of markets:
Which of the following was the main channel connecting distant countries was:
Which one of the following statements best describes the meaning of 'Globalisation'?
