Globalisation — Political Science STD 12 Humanities — Question

The worldwide interconnectedness implies to interlink the world through free flow of goods and services, technology, ideas and people across the globe to extend globalisation.This contains three components:

1. Capital Flow: It is the flow of resources through loans or business investments among the countries.
2. Trade Flows of Goods: It refers to exchange of goods among countries.
3. Labour Flow: It refers to ‘Brain drain’ by creating favourable conditions for employment.