Q.State the meaning of globalization.

This question needs the precise core meaning of globalization, focused on world-economy integration rather than its specific features or impacts. …

Globalization refers to the process of integrating a country's national economy with the world economy, through the freer flow of trade in goods and services, investment, technology, and information across national borders. It was the third of the three reforms introduced together as part of India's New Economic Policy of 1991, alongside liberalization and privatization. …

Students sometimes define globalization narrowly as only 'increased foreign trade', missing that it also covers investment (FDI), technology transfer, and informat …