(A) "Globalisation is the process of rapid integration or interconnection between countries." Explain the statement with examples.

i. Globalisation has encouraged foreign investments.

ii. MNCs set up production close to the markets and availability of skilled and unskilled labour at low costs.

iii. MNCs will choose countries which have policies which enable easy operations.

iv. MNCs set up production jointly with local companies.

v. There is better exchange of technologies.

vi. Globalisation has increased the interdependence between countries.

vii. Consumers have more access to global products.

viii. Globalisation helps the integration of markets of the countries.

ix. It makes countries culturally rich.

x. Sharing technology between countries benefitted human being.

xi. Kargil foods, Reliance Industries and other MNCs are the prime examples of industries which are help to integrate the countries.

(B) Improvement in technology has stimulated the globalisation process. Explain the statement with examples.

i. Rapid improvement in technology has been one major factor that has stimulated the globalisation process.

ii. For instance, the past fifty years have seen several improvements in transportation technology.

iii. This has made much faster delivery of goods across long distances possible at lower costs.

iv. Even more remarkable have been the developments in information and communication technology. In recent times, technology in the areas of telecommunications, computers, Internet has been changing rapidly.

v. Telecommunication facilities (telegraph, telephone including mobile phones, fax) are used to contact one another around the world.

vi. The rush of new ideas and his intelligence’s easy adoption of them suggests that reading catalysis cognitive growth and encourages new perspectives and insights.

vii. It resonates with broader themes about the power of literature and the written word to captivate, stimulate thought, and bring about intellectual transformations.