Choose the given statement is True/False

The idea behind liberalisation is integration between countries through trade and technology

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True

False

answer is B.

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Detailed Solution

The above statement is False. The idea of globalisation is the integration of countries through trade and technology. Globalisation is a term used after liberalisation. Trade policies were made liberal in liberalisation so markets could expand and trade outside the country. After liberalisation, the concept of globalisation emerged. Markets of different countries were opened to interact with one another. Goods are being bought and sold beyond the country. Now, goods are manufactured in one place and sold across the globe. Technology has increased globalisation at a different pace. Through technology, US readers place orders for designed magazines in a Delhi magazine company.
Thus the correct statement would be The idea behind globalisation is integration between countries through trade and technology.

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