Which of the following statements is true about thecauses of Globalisation?(1) Growth of multinational companies with aglobal presence in many different economies.(2) Globalisation is caused by a particularcommunity of people.(3) Globalisation originated in the US.(4) Economic interdependence alone causesglobalisation.
Question
Which of the following statements is true about thecauses of Globalisation?(1) Growth of multinational companies with aglobal presence in many different economies.(2) Globalisation is caused by a particularcommunity of people.(3) Globalisation originated in the US.(4) Economic interdependence alone causesglobalisation.
Solution
The statement that is true about the causes of Globalisation is:
(1) Growth of multinational companies with a global presence in many different economies.
This is because multinational companies operate in several countries and they contribute to the integration of national economies into an international economy. This leads to the phenomenon known as globalisation.
The other statements are not generally accepted as true. Globalisation is not caused by a particular community of people (2), it did not originate in the US (3), and while economic interdependence is a significant factor, it is not the sole cause of globalisation (4).
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