Read the passage and answer the below questions.Over the last two decades or so, the economic transformation that is taking place in different countries across the world, partly because of the process of globalisation, has both short as well as long-term implications for each country, including India. Nations have been primarily trying to adopt various means which will strengthen their own domestic economies. To this effect, they are forming regional and global economic groupings such as the SAARC, European Union, ASEAN, G-8, G-20, BRICS etc. In addition, there is also an increasing eagerness on the parts of various nations to try and understand the developmental processes pursued by their neighbouring nations as it allows them to better comprehend their own strengths and weaknesses vis-à-vis their neighbours. In the unfolding process of globalisation, this is particularly considered essential by developing countries as they face competition not only from developed nations but also amongst themselves in the relatively limited economic space enjoyed by the developing world.What is identified as a major factor influencing economic transformation in various countries over the last two decades?*1 pointa) economic liberalizationb) Technological advancementsc) Globalizationd) Political stabilityWhy do nations show an increasing eagerness to understand the developmental processes of their neighboring nations?*1 pointa) To criticize their neighbors' strategiesb) To create diplomatic tensionsc) To better comprehend their own strengths and weaknessesd) To compete aggressively with themWhich of the following is NOT mentioned as a global economic grouping formed by nations to strengthen their economies?*1 pointa) SAARCb) G-8c) ASEANd) WHOWhy is understanding the developmental processes of neighboring nations considered essential, especially by developing countries?*1 pointa) To imitate exactly what their neighbors are doingb) To foster diplomatic tiesc) To better comprehend their own position in the global economic spaced) To avoid competition from developed nations