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What are the drivers of globalization? a) Population mobility especially of labour b) Financial flows c) Exporting d) Assembly operations Choose the correct answer from the following

What are the drivers of globalization? a) Population mobility especially of labour b) Financial flows c) Exporting d) Assembly operations Choose the correct answer from the following Correct Answer a) and b)

Drivers of Globalization:

  1. Economic globalization stands for the economic interconnectedness of countries with the global economy as a whole.
  2. This interdependence relates both to the exchange of factors of production (labor, capital, technologies, know-how) and the exchange of products (material goods and services, finished and unfinished products, consumer and capital goods).

Therefore, population mobility especially of labor and Financial flows are important drivers of globalization.

In my opinion, there are three main drivers for economic globalization and its different characteristics such as trade, international capital markets, currency markets, migration, and more:

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Related Questions

What are the drivers of globalization?
1. Population mobility especially of labour
2. Financial flows
3. Exporting
4. Assembly operations
Choose the correct answer from the following
The following sentences form a paragraph. The first and the last sentences of the paragraph are given. The rest of the sentences are numbered as P, Q, R and S. These four parts are not given in their proper order. Read the sentences and choose the alternative that arranges them in the correct order. 1. The concept of Globalisation by integrating nation states within the theme work of World Trade Organisation (WTO) is an alternative version of the Theory of Comparative Cost Advantage propagated by the classical economists for assuming unrestricted flow of goods between the countries for mutual benefit, especially from Great Britain to other less developed countries or to their colonies. P. However, the advocates of globalisation, especially from the developed countries purposely limit the definition of globalisation to only three components, i.e., unrestricted trade flows, capital flows and technology flows. Q. They do not want to include the free flow labour within the parameter of globalisation set by them. R. In this way, the imperialist nations gained much at the cost of the colonial countries who had to suffer from the scar of stagnation and poverty. S. The World Commission on the Social Dimension of Globalisation (WCSDG) set up by ILO has also made some important observations on globalisation. 6. In the meantime, various countries of the world have adopted the policy of globalisation.
Which of the following statements are true/false?
1. The International Labour Office is the permanent secretariat of the ILO.
2. Convention 182 regarding worst forms of Child Labour has been ratified by India.
3. International Labour Conference is also known as an international Parliament of labour.
4. International Labour Conference is a forum for discussion of key social and labour questions.
5. Trade Unions are involved in collecting wage data including fringe and personal benefits.
6. Strikes, boycotts and gheraos are militant functions of trade union.
7. Ministrant functions of trade unions involve providing financial support to members during strikes and lockouts.
Match List-I with List-II and select the correct answer using the codes given below the lists: List – I (Authors) List – II (Books) (A) Jagdish Bhagwati (i) Making Globalization Work (B) Joseph Stiglitz (ii) In Defense of Globalization (C) Ulrich Beck (iii) Capitalism and Freedom (D) Milton Friedman (IV) What is Globalization
In the following question, sentences of a paragraph have been jumbled and labelled as A, B, C and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. A: Globalization is primarily an economic process of interaction and integration that's associated with social and cultural aspects.  B: With the increased global interactions comes the growth of international trade, ideas, and culture.  C: Globalization has grown due to advances in transportation and communication technology.  D: Globalization is the process of interaction and integration among people, companies, and governments worldwide.
In the following question, sentences of a paragraph have been jumbled and labelled as A, B, C and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. A: Globalization is the process of interaction and integration among people, companies, and governments worldwide.  B: As a complex and multifaceted phenomenon, globalization is considered by some as a form of capitalist expansion which entails the integration of local and national economies into a global, unregulated market economy. C: Globalization has grown due to advances in transportation and communication technology. D: With the increased global interactions comes the growth of international trade, ideas, and culture.
When labour is plotted on X-axis and capital is plotted on Y-axis and an iso-quant is prepared, then which of the following statements is/are false ? (a) Marginal rate of technical substitution of labour for capital is equal to the slope of the iso-quant. (b) Marginal rate of technical substitution of labour for capital is equal to change in the units of capital divided by the change in the units of labour. (c) Marginal rate of technical substitution of labour for capital is the ratio of marginal productivity of capital to marginal productivity of labour.
When labour is plotted on X-axis and capital is plotted on Y-axis and an isoquant is prepared, then which of the following statement(s) is/arefalse?
1. Marginal rate of technical substitution of labour for capital is equal to the slope of the iso-quant.
2. Marginal rate of technical substitution of labour for capital is equal to change in the units of capital divided by the change in the units of labour.
3. Marginal rate of technical substitution of labour for capital is the ratio of marginal productivity of capital to marginal productivity of labour.
Which of the following statements are not true in relation to employment of contract labour in any establishment?
1. Supreme Court can abolish contract labour system in any establishment.
2. High Court can abolish contract labour and prohibit the principal employer from engaging contract labour where the government has not abolished the same.
3. An appropriate government and not the court can prohibit the employment of contract labour as per the provisions of law.
4. Neither the court nor the appropriate government can abolish the contract labour in any establishment.
Which of the following statements concerning Scheduled Castes (SC) population in India are correct? 1) The highest percentage of SC population out the total population of the state is found in Punjab 2) Bihar is the second largest state in respect of the total SC population in India 3) Uttar Pradesh has the highest number of SC population in India 4) Among the Indian states, the lowest percentage of SC population out of the total population of the state is found in Goa Select the correct answer using the code given below: