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The chapter defines GLOBALISATION as the rapid integration across countries of:
AGoods, services, capital, ideas, technology
BOnly the goods sold in international trade
COnly the workers crossing international borders
DOnly the governments of allied countries
Answer & Solution
Correct answer: A. Goods, services, capital, ideas, technology
The chapter defines globalisation as the rapid integration between countries of goods, services, investment, ideas, technology, and (to a lesser extent) people. It is mainly driven by MNCs.
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