Globalisation refers to the increasing interconnectedness and interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Options A, B, and C directly relate to reducing barriers to international trade (import duties, licensing) and facilitating international capital flows (FDI), which are core elements of economic globalisation.
Globalisation does not include
Asked in UKPSC CS Prelims 2016 · Topic: Nature of Indian Economy (Openness of Economy and Integration with Global Markets)
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Answer: D. Disinvestment of Public Sector equity
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