Answer:
Globalisation
is the rapid integration of the global economy through which countries
interlink in a variety of ways.
Globalisation has enabled improvement in trade and communication with
different countries.
The Silk Route is one such example from earlier times.
Over the last 20-30 years there has been a tremendous increase
in globalisation with the increase in the number of MNCs.
MNCs are Multi National Corporations or companies which
have set up production in more than one country.
MNCs set up production worldwide where cheap labour is available,
where markets are near and where government policies look after their
interests. Since the MNCs are producing as well as selling in many countries,
they are interlinking the economies of these countries and thus speeding up
globalisation.
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